0:'federal trust fund accounting guide introduction trust funds the federal government account structure consists of the following fund types: trust,',
1:'special, general, revolving, and deposit. the fund type for the establishment of a new federal account is dependent upon the',
2:'terms stated in the legislation. for example, trust funds are established to carry out purposes of a trust agreement or',
3:'statute. the federal budget of the u.s. government groups funds into two major categories: trust funds and federal funds. trust',
4:'funds are those designated by law as such, whereby receipts are earmarked for spending on specific purposes. the laws establishing',
5:'trust funds may require balances to be invested, typically in treasury debt securities. a small number of trust funds are',
6:'further categorized as trust revolving funds, established to perform businesstype operations. the accounting for trust revolving funds is similar to',
7:'that of revolving funds in the federal fund group. federal funds include general, revolving, and special fund types. because deposit',
8:'funds collect receipts that do not belong to the federal government, they are excluded from the federal budget. this guide',
9:'covers the accounting for federal trust funds only, excluding trust revolving funds. funding sources for some of the larger dollarvolume',
10:'trust funds include federal and nonfederal contributions, interest on investments, taxes, premiums, state deposits, federal fund transfers, excise taxes, customs',
11:'duties, fines and penalties, and user fees. these funds generally are deposited in a trust fund receipt account. trust funds',
12:'finance various activities, including social insurance payments for individuals e.g., social security, medicare, and unemployment compensation, highway construction, and airport',
13:'and airway development. there are also several smaller dollarvolume trust funds established to carry out the terms of gifts or',
14:'bequests. trust fund account structure and designation of availability for trust funds established to collect receipts earmarked for specific spending',
15:'purposes, treasury appropriation fund symbols tafs are established as receipt and expenditure accounts. receipt accounts are credited with receipts generated',
16:'by the terms of a trust agreement or statute. an example of a tafs trust fund receipt account structure is',
17:'20x8000.001. the 20 indicates treasury, x shows the period of availability, 8000 represents the trust fund series, and .001 is',
18:'the type of earmarked receipt. expenditure accounts are established to record amounts appropriated from trust fund receipt accounts that are',
19:'to be expended in carrying out specific purposes according to the terms of a trust agreement or statute. several receipt',
20:'accounts can be associated with a single expenditure account. in following the example above, the tafs for the trust fund',
21:'expenditure account structure is 20x8000. receipts are credited to trust fund receipt accounts at the point of collection. each receipt',
22:'account is designated as either available or unavailable for expenditure. as indicated in treasury’s federal account symbols and titles fast',
23:'book, approximately 99 percent of all trust fund receipt accounts are designated as available. an available receipt account carries the',
24:'same symbol as its corresponding expenditure account. amounts credited to available receipt accounts are appropriated immediately, without further legislative action,',
25:'into the corresponding expenditure account. these amounts may then be invested if the legislation prescribes.1 a trust fund’s designation of',
26:'availability for investment has no bearing on whether it is available for obligation. for receipts collected that are not immediately',
27:'available for obligation, the office of management and budget omb requires that budget authority and unobligated balances be excluded from',
28:'the sf 133: report on budget execution and budgetary resources. however, if the law designates the receipts as available for',
29:'investment, treasury requires that unobligated balances be reported on the ussgl 2108: yearend closing statement. this presents a disconnect in',
30:'the reporting of unobligated balances, which treasury and omb acknowledge as a reconciling item. receipts classified as available for investment',
31:'but not obligation are discussed in scenario iii, trust fund receipts available for investment but not obligation. not all funds',
32:'received by trust funds are deposited to trust fund receipt accounts. for example, amounts are credited directly to trust fund',
33:'expenditure accounts when nonexpenditure transfers occur. nonexpenditure transfers are accomplished via an sf 1151: nonexpenditure transfer authorization, and include both',
34:'appropriation and allocation transfers. refer to scenario i, basic trust fund accounting, for further discussion. refer to the flowchart at',
35:'the end of this section for a basic illustration of a trust fund account structure and flow. scenario presentation this',
36:'guide is categorized into eight scenarios. the scenarios address specific topics approved by the ussgl board. each scenario begins with',
37:'a narrative describing the events that follow. additional scenarios will be forthcoming as guidance is further developed. this guide also',
38:'will be updated periodically to include new and revised ussgl account titles and transaction descriptions. the scenarios are as follows:',
39:'scenario i basic trust fund accounting scenario ii trust fund balances precluded from obligation scenario iii trust fund receipts available',
40:'for investment but not obligation scenario iv trust fund investments scenario v treasurymanaged trust fund allocation accounts scenario vi trust',
41:'fund appropriation transfers for specific treasury appropriation fund symbols scenario vii trust funds with contract authority – part i: appropriations',
42:'to liquidate contract authority – funded by nonexpenditure transfers scenario viii trust funds with contract authority – part ii: transfers',
43:'of contract authority 1tfm vol. i part 2 chapter 1500 states that all trust funds with investment authority are designated',
44:'as available receipts in the treasury system, even if the receipts of the trust fund are not available to the',
45:'agency for obligation. scenario guidelines the following concepts apply to each scenario: the scenarios are not all inclusive of the',
46:'different types of revenues and/or expenses that may be recorded by a trust fund entity. the intent is to illustrate',
47:'the main concepts through basic transactions recorded by trust funds. refer to section iii, accounting transactions, of tfm s20102 as',
48:'updated for a complete listing of ussgl accounts that may be recorded by trust funds. section iii is located on',
49:'the ussgl web site. trust funds may or may not be subject to apportionment. apportionments may apply to all or',
50:'a portion of a trust fund. the scenarios vary in nature as to whether the trust fund is subject to',
51:'apportionment. refer to section iii, accounting transactions, of tfm s20102 as updated for a complete listing of transactions. budgetary and',
52:'financial reports reflect the pertinent lines to be reported based on the individual scenarios. for full presentations of the reports',
53:'and line descriptions, refer to the appropriate authoritative guidance see references section below. references this guide has been developed based',
54:'on research of current reference materials and input from treasury, omb, and agency representatives. the references listed below should be',
55:'used in conjunction with this guide to determine the proper accounting and reporting treatment required of each individual federal trust',
56:'fund. the references are as follows: agency’s establishing legislation and/or annual appropriation language appendix to the budget of the united',
57:'states government fasabs sffas 7: accounting for revenue and other financing sources omb bulletin 9701: form and content of agency',
58:'financial statements omb circular a11: preparation and submission of budget estimates omb circular a34: instructions on budget execution and budgetary',
59:'resources treasury financial manual references u.s. government annual report appendix common terms and abbreviations common terms and abbreviations used in',
60:'this guide are as follows: atb adjusted trial balance budget appendix to the budget of the united states government fasab',
61:'federal accounting standards advisory board fast book federal account symbols and titles book facts federal agencies centralized trialbalance system ussgl',
62:'2108 yearend closing statement guide federal trust fund accounting guide omb office of management and budget opac online payment and',
63:'collection system p&f program and financing schedule sf 133 report on budget execution and budgetary resources sf 1151 nonexpenditure transfer',
64:'authorization sffas statements of federal financial accounting standards ussgl united states standard general ledger tafs treasury appropriation fund symbol tar',
65:'treasury annual report treasury u.s. department of the treasury tfm treasury financial manual b designation used directly after a ussgl',
66:'account e.g., 4114b to indicate beginning balance required e designation used directly after a ussgl account e.g., 4114e to indicate',
67:'ending balance required eb designation used directly after a ussgl account e.g., 4114eb to indicate ending minus beginning balance required',
68:'relevant web sites web sites relating to this guide are as follows: fasab www.financenet.gov/financenet/fed/fasab omb www.whitehouse.gov/omb ussgl https://www.fiscal.treasury.gov/fsreports/ref/ussgl/ussglhome.htm scenario i',
69:'includes transactions and reports illustrating basic accounting for receipts and collections, expenditure transfers, nonexpenditure transfers, and exchange/nonexchange transactions. fasab’s sffas',
70:'7, accounting for revenue and other financing sources, prescribes the majority of proprietary accounting contained in this scenario. refer to',
71:'scenario iv, trust fund investments, for discussion on investment transactions. a basic concept of trust fund accounting is that trust',
72:'funds do not use ussgl accounts 3100 unexpended appropriations or 5700 expended appropriations refer to sffas 7, paragraph 213. at',
73:'least two justifications support this concept. first, trust funds do not receive treasury appropriation warrants, for which fiscal service form',
74:'6200: appropriation warrant is issued from the general fund of treasury as a result of an appropriation act. ussgl account',
75:'3100 unexpended appropriations generally is associated with these types of warrants. instead, the source of most trust fund inflows includes',
76:'receipts and collections that are either deposited directly into trust funds or first collected by a custodial entity. second, trust',
77:'fund receipts predominantly consist of tax receipts e.g., social security taxes, railroad retirement taxes, and excise taxes, as well as',
78:'customs duties, fines, penalties, etc. collecting entities such as the internal revenue service and the u.s. customs service collect these',
79:'receipts and deposit them into treasury general fund receipt accounts. sffas 7 states that dedicated tax receipts, as well as',
80:'amounts transferredin from collecting entities, should be recorded as revenue, not as part of unexpended appropriations ussgl 3100. furthermore, to',
81:'account for these receipts as revenue and as unexpended appropriations in the same trust fund account would doublecount the amounts',
82:'as financing sources.1 therefore, all ussgl trust fund guidance i.e., guidance contained within this guide reflects that ussgl account 3100',
83:'unexpended appropriations and corresponding account 5700 expended appropriations are not recorded by trust fund appropriation fund symbols. 1 sffas 7',
84:'accounting for revenue and other financing sources, paragraphs 60 and 213 2 tfm vol. i part 2 chapter 2000; omb',
85:'circular a34 sections 12.10 and 12.11 dated november 3, 2000 3 for ussgl account definitions, refer to section ii, accounts',
86:'and definitions, of tfm s20102 as updated. ussgl transfer accounts are split between nonexpenditure and expenditure transfers. this is because',
87:'treasury and omb guidance prescribes different reporting requirements for each type of transfer.2 the four proprietary ussgl accounts established to',
88:'account for trust fund transfers are as follows:3 5750 expenditure financing sources – transfersin 5755 nonexpenditure financing sources – transfersin',
89:'5760 expenditure financing sources – transfersout 5765 nonexpenditure financing sources – transfersout for trust fund transfers, the appropriate action would',
90:'be to either debit or credit the appropriate transfer account, rather than record ussgl accounts 3100 and/or 5700. nonexpenditure ussgl',
91:'accounts 5755 and 5765 capture all trusttotrust transfers, which, by definition, are nonexpenditure. 4 tfm vol. i part 2 chapter',
92:'2000 5 refer to tfm vol. i part 2 chapter 2000 for the distinction between the different types of nonexpenditure',
93:'transfers. 6 tfm vol. i part 2 chapter 2000; omb circular a34 section 12.11 dated november 3, 2000 expenditure ussgl',
94:'accounts 5750 and 5760 capture transfers between trust funds and federal funds such as an agency’s general fund. this, by',
95:'definition, is an expenditure transaction.6 however, these transfer accounts are recorded only if the transfer results from a nonexchange transaction,',
96:'such as a law requiring the transfer. if the transaction is exchange in nature, then record a revenue or an',
97:'expense account. on the budgetary side for expenditure transfers, the entity transferringout must record an outlay, and the entity transferringin',
98:'must record a receipt or an appropriation. other ussgl accounts were established to accommodate transfers between trust funds and federal',
99:'funds. they provide the mechanism to transfer financing sources where the funds remain invested for transfer at a later date.',
100:'the proprietary ussgl accounts established for this purpose include: 1335 expenditure transfers receivable 2155 expenditure transfers payable on the budgetary',
101:'side, the following ussgl account was established: 4114 appropriated trust or special fund receipts trust funds are to use ussgl',
102:'account 4114 for appropriated receipts in the same way that federal funds with the exception of special funds are to',
103:'use ussgl budgetary account 4119 other appropriations realized for appropriations received. ussgl account 4119 is not appropriate for trust funds',
104:'to record for several reasons. first, it generally correlates with ussgl proprietary account 3100, which trust funds do not record.',
105:'additionally, ussgl account 4119 usually is associated with the receipt of an appropriation warrant, which trust funds do not receive.',
106:'therefore, trust funds should use ussgl account 4114 for all appropriated trust fund receipts, not ussgl account 4119. the term',
107:'“appropriated” is used in the ussgl account title because, although trust funds do not receive actual appropriation warrants, amounts are',
108:'appropriated from various sources. these sources include appropriations from a general fund receipt account to a trust fund receipt account',
109:'via fiscal service optional form 1017g: journal voucher; from an agency’s general fund to the agency’s trust fund via expenditure',
110:'transfer, e.g., opac; and from a trust fund receipt account to a trust fund expenditure account. therefore, ussgl account 4114',
111:'is used to record all trust fund receipts, and is counted as new budget authority on the sf 133. 1.',
112:'to record receipts deposited into a trust fund receipt account, which are automatically credited to the corresponding trust fund expenditure',
113:'account.7 collections of tax receipts from the public are initially deposited into a treasury general fund receipt account i.e. 0152',
114:'excise taxes and recorded as custodial revenue by the collecting entity i.e. irs. from there the receipts are appropriated to',
115:'the trust fund receipt account via fiscal service optional form 1017g: journal voucher. note that fiscal service form 6200: appropriation',
116:'warrant is not processed. tc a186 7 the transactions in this scenario combine the activity of the receipt and expenditure',
117:'accounts. the receiptexpenditure account relationship is described in more detail in the introduction of the guide. 8 this scenario assumes',
118:'that the entire trust fund is subject to apportionment. for trust fund activity that is not subject to apportionment, credit',
119:'ussgl account 4620 unobligated funds not subject to apportionment. budgetary 4114 appropriated trust or special fund receipts 50,000 4450 unapportioned',
120:'authority8 50,000 proprietary 1010 fund balance with treasury 50,000 5800 tax revenue collected 50,000 2. to record the budgetary authority',
121:'apportioned by omb. tc a116 budgetary 4450 unapportioned authority 30,000 4510 apportionments 30,000 proprietary none 3. to record the allotment',
122:'of authority. tc a120 budgetary 4510 apportionments 20,000 4610 allotments – realized resources 20,000 proprietary none budgetary 4610 allotments –',
123:'realized resources 15,000 4801 undelivered orders obligations, unpaid 15,000 proprietary none 5. to record a payable to nonfederal recipients for',
124:'expenses incurred. tc b302 budgetary 4801 undelivered orders obligations, unpaid 15,000 4901 delivered orders obligations, unpaid 15,000 proprietary 6100 operating',
125:'expenses/program costs 15,000 2110 accounts payable 15,000 6. to record a nonexpenditure allocation9 transferout of noninvested balances from the parent',
126:'account to another agency’s trust fund recipient allocation expenditure account.10 all trusttotrust transfers are accomplished via an sf 1151: nonexpenditure',
127:'transfer authorization. tc a214 9 allocation transfers are posted to the same proprietary ussgl accounts as appropriation transfers, but different',
128:'budgetary ussgl accounts are used see transaction 8. 10 refer to scenario v, treasurymanaged trust fund allocation accounts, for allocation',
129:'transfers of invested balances, as well as tfm s20102 as updated for comprehensive allocation transfer transactions. budgetary 4510 apportionments 10,000',
130:'4175 allocation transfers of currentyear authority for noninvested accounts 10,000 proprietary 5765 nonexpenditure financing sources – transfersout 10,000 1010 fund',
131:'balance with treasury 10,000 7. to record payment and expenditure of amounts recorded in transaction 5. this will be reflected',
132:'on the sf 224: statement of transactions. tc b110 budgetary 4901 delivered orders obligations, unpaid 15,000 4902 delivered orders obligations,',
133:'paid 15,000 proprietary 2110 accounts payable 15,000 1010 fund balance with treasury 15,000 8. to record a nonexpenditure appropriation transferin',
134:'from another agency’s trust fund expenditure account. all trusttotrust transfers are accomplished via an sf 1151: nonexpenditure transfer authorization. tc',
135:'a250 budgetary 4170 transfers – currentyear authority 7,000 4450 unapportioned authority 7,000 proprietary 1010 fund balance with treasury 7,000 5755',
136:'nonexpenditure financing sources – transfersin 7,000 9. to record penalties collected from federal sources. receipts are deposited into a trust',
137:'fund receipt account and automatically credited to the corresponding trust fund expenditure account. tc a186 budgetary 4114 appropriated trust or',
138:'special fund receipts 25,000 4450 unapportioned authority 25,000 proprietary 1010 fund balance with treasury 25,000 5320 penalties, fines and administrative',
139:'fees revenue 25,000 11 typically, expenditure transfersin that do not fall under the economy act are recorded into trust fund',
140:'receipt accounts. the receipts are then automatically credited to the corresponding trust fund expenditure account for trust funds designated in',
141:'treasurys fast book as available. 12 the ussgl entries for budgetary fund control and obligations for trust funds are the',
142:'same as those published in tfm s2 0102 as updated. for purposes of illustration, only the final results are shown',
143:'here. 13 same as footnote 7. budgetary 4114 appropriated trust or special fund receipts 17,000 4450 unapportioned authority 17,000 proprietary',
144:'1010 fund balance with treasury 17,000 5200 revenue from services provided 5,000 5750 expenditure financing sources – transfersin 12,000 11.',
145:'to record expenditure transfersout of $2,000 for expenses incurred to run a program exchange transaction and $1,000 for amounts transferred',
146:'by law nonexchange transaction. report expenditure transfers on the sf 224: statement of transactions. tc a116, a120, a266 budgetary 4450',
147:'unapportioned authority12 3,000 4902 delivered orders obligations, paid 3,000 proprietary 5760 expenditure financing sources – transfersout 1,000 6100 operating expenses/program',
148:'costs 2,000 1010 fund balance with treasury 3,000 12. to record a payable for a nonexchange expenditure transferout to the',
149:'agencys general fund. tc a116, a259 budgetary 4450 unapportioned authority13 4,000 4901 delivered orders obligations, unpaid 4,000 proprietary 5760 expenditure',
150:'financing sources – transfersout 4,000 2155 expenditure transfers payable 4,000 13. to record the actual nonexchange expenditure transferout from transaction',
151:'12 via opac. the sf 224: statement of transactions will reflect this transaction. tc a261 budgetary 4901 delivered orders obligations,',
152:'unpaid 4,000 4902 delivered orders obligations, paid 4,000 proprietary 2155 expenditure transfers payable 4,000 1010 fund balance with treasury 4,000',
153:'budgetary preclosing adjusted trial balance facts ii atb: 4114 92,000 4170 7,000 4175 10,000 4450 62,000 4610 5,000 4902 22,000',
154:'99,000 99,000 budgetary closing entries: c1. to record the consolidation of actual netfunded resources. tc f204 4175 allocation transfers of',
155:'currentyear authority for noninvested accounts 10,000 4201 total actual resources collected 89,000 4114 appropriated trust or special fund receipts 92,000',
156:'4170 transfers – currentyear authority 7,000 c2. to record the closing of unobligated balances to unapportioned authority. tc f210 4610',
157:'allotments – realized resources 5,000 4450 unapportioned authority 5,000 c3. to record the closing of expended authority paid. tc f214',
158:'4902 delivered orders obligations, paid 22,000 4201 total actual resources collected 22,000 budgetary postclosing trial balance: 4201 67,000 4450 67,000',
159:'67,000 67,000 proprietary preclosing trial balance facts i trial balance: 1010 67,000 5200 5,000 5320 25,000 5750 19,000 5755 7,000',
160:'5760 5,000 5765 10,000 5800 50,000 6100 17,000 99,000 99,000 proprietary closing entries: c1. to record the closing of revenues',
161:'and expenses to cumulative results of operations. tc f228 5200 revenue from services provided 5,000 5320 penalties, fines and administrative',
162:'fees revenue 25,000 5750 expenditure financing sources – transfersin 12,000 5755 nonexpenditure financing sources – transfersin 7,000 5800 tax revenue',
163:'collected 50,000 3310 cumulative results of operations 67,000 5760 expenditure financing sources – transfersout 5,000 5765 nonexpenditure financing sources –',
164:'transfersout 10,000 6100 operating expenses/program costs 17,000 proprietary postclosing trial balance: 1010 67,000 3310 67,000 67,000 67,000 sf 133: report',
165:'on budget execution and budgetary resources quarter 4: 1. budget authority a. appropriations 4114e 92,000 d. net transfers, current year',
166:'authority realized net 4170e, 4175e 3,000 2. unobligated balance brought forward 3. spending authority from offsetting collections gross 4. recoveries',
167:'of prior year obligations 5. temporarily not available pursuant to public law 6. permanently not available 7. total budgetary resources',
168:'89,000 8. obligations incurred 4902e 22,000 9. unobligated balance available 4610e 5,000 10. unobligated balance not available 4450e 62,000 11.',
169:'total, status of budgetary resources 89,000 12. obligated balance, net as of october 1 13. obligated balance transferred, net 14.',
170:'obligated balance, net, end of period 15. outlays a. disbursements 4902e 22,000 b. collections ussgl 2108: yearend closing statement: column',
171:'5 postclosing unexpended balance 1010e 67,000 column 11 unobligated balance 4450e, 4610e 67,000 program and financing schedule p&f14: 14 per',
172:'omb circular a11, section 82.15 dated july 19, 2000, p&f data for allocation receiving accounts must be combined with the',
173:'parent account. for example, as illustrated above, ussgl account 4175 is reported on lines 4100 and 4200; however, since this',
174:'p&f data is combined with the recipient account, ussgl account 4175 nets to zero on line 7000 total. obligations by',
175:'program activity 1000 total new obligations 4902e 22,000 budgetary resources available for obligation 2140 unobligated balance available, start of year',
176:'0 2200 new budget authoritygross sum 4000 to 6990 99,000 2395 total new obligations from line 1000 22,000 2499 unobligated',
177:'balance carried forward, end of year 4450e, 4610e of parent and recipient 77,000 new budgetary authority gross, detail 4026 appropriation',
178:'trust fund, definite 4114e 92,000 4100 transferred to other accounts 4175eparent 10,000 4200 transferred from other accounts 4170e, 4175erecipient 17,000',
179:'7000 total new budget authority gross 4114e, 4170e, 4175e 99,000 memorandum entries 9201 total investments, start of year par 1610b',
180:'0 9202 total investments, end of year par 1610e 0 omb form and content statements 15 15 when preparing consolidated',
181:'statements, perform intraagency elimination entries for expenditure and nonexpenditure transfers. balance sheet assets 1a4 fund balance with treasury 1010e 67,000',
182:'liabilities and net position 6b cumulative results of operations 3310e 67,000 statement of net cost 1a1. program costs intragovernmental production',
183:'6100e 2,000 1b1. program costs public production 6100e 15,000 1c. total program cost calc 17,000 1d. less earned revenues 5200e',
184:'5,000 1e. net program costs calc 12,000 2. costs not assigned to programs 3. less earned revenues not attributable to',
185:'programs 4. net cost of operations 12,000 statement of changes in net position 1. net cost of operations 12,000 2b.',
186:'taxes and other nonexchange revenue 5320e, 5800e 75,000 2e. transfersin 5750e, 5755e 19,000 2f. transfersout 5760e, 5765e 15,000 3. net',
187:'results of operations calculation 67,000 9. net positionend of period calculation 67,000 omb form and content statements continued statement of',
188:'budgetary resources 1. budget authority a. appropriations 4114e 92,000 d. net transfers, current year authority 4170e, 4175e 3,000 5. total',
189:'budgetary resources 89,000 6. obligations incurred 4902e 22,000 7a. unobligated balances available apportioned 4610e 5,000 8d. unobligated balances not yet',
190:'available other 4450e 62,000 9. total, status of budgetary resources 89,000 10. obligations incurred 4902e 22,000 15. total outlays a.',
191:'disbursements 4902e 22,000 b. collections statement of financing 1a. obligations incurred 4902e 22,000 1h. less: trust or special fund receipts',
192:'related to exchange revenue in the entity’s budget 5200e 5,000 1j. total obligations as adjusted and nonbudgetary resources 17,000 2.',
193:'resources that do not fund net cost of operations 2f. adjustment for trust fund outlays that do not affect net',
194:'cost 5760e 5,000 2h. total resources that do not fund net costs of operations 5,000 3. costs that do not',
195:'require resources 4. financing sources yet to be provided 5. net cost of operations 12,000 certain trust funds fall under',
196:'a requirement whereby any unobligated balances remaining at yearend must be classified as temporarily not available and, in effect, temporarily',
197:'removed from budget execution. this requirement applies only to funds wherein receipts are immediately appropriated, but are precluded from obligation',
198:'at yearend by a provision of law, such as a benefit formula or limitation. this authority can be precluded during',
199:'the year i.e., by legislation but is more commonly seen with trust funds at the end of the year i.e.,',
200:'for trust funds with legislative provisions that contain a benefit formula or limitation on obligations. some of the larger dollarvalue',
201:'and commonly known trust funds fit into this category. examples of these types of trust funds are the federal oldage',
202:'and survivors insurance trust fund, federal hospital insurance trust fund, and unemployment trust fund. reporting guidelines stipulate that the yearend',
203:'sf 133 must agree with the p&f in the budget. furthermore, there is a relationship between schedule n: schedule of',
204:'unavailable collections which precedes the p&f in the budget and the p&f. the schedule n and p&f together, as well',
205:'as the yearend sf 133, should reflect that the amount of currentyear receipts less obligations equals amounts precluded from obligation.',
206:'in addition, budgetary reporting of these trust funds reflects no beginning or ending unobligated balances available for obligation. during the',
207:'year, appropriated receipts are recorded as new budget authority on line 1a of the sf 133, while at the same',
208:'time obligations are incurred. on september 30th, any remaining unobligated balances become temporarily precluded from obligation, and are subtracted from',
209:'budget authority on line 5 of the sf 133. this process results in a zero unobligated balance on both the',
210:'sf 133 and p&f. however, the balances remain on schedule n until such time as needed when currentyear receipts are',
211:'not enough to cover currentyear obligations. furthermore, the unobligated balances are to be included on the ussgl 2108, column 11,',
212:'unobligated balances. to account for this type of activity, the following budgetary ussgl accounts were established to ensure accurate reporting',
213:'on the sf 133, ussgl 2108, and multiple lines of the p&f: 4157 authority made available from receipt or appropriation',
214:'balances previously precluded from obligation 4158 authority made available from offsetting collections balances previously precluded from obligation 4397 receipts and',
215:'appropriations temporarily precluded from obligation 4398 offsetting collections temporarily precluded from obligation ussgl accounts 4397 and 4398 are recorded to',
216:'temporarily preclude receipts or offsetting collections from obligation. these accounts are credited at yearend against any remaining unobligated balances and',
217:'remain open. on the sf 133, they crosswalk to line 5, temporarily not available pursuant to public law, as fiscal',
218:'year amounts and are subtracted to bring total budgetary resources to zero. the beginning balances are carried forward to line',
219:'2a, unobligated balance brought forward, the following year, but are netted against total actual resources collected, thus resulting in a',
220:'zero balance on line 2a. on the ussgl 2108, these accounts crosswalk to column 11, unobligated balances, and represent invested',
221:'balances. this causes a disconnect between the unobligated balances reported on the sf 133 and ussgl 2108, with the difference',
222:'captured in ussgl accounts 4397 and 4398. ussgl accounts 4157 and 4158 are recorded to return authority to the trust',
223:'fund if currentyear receipts are not enough to cover currentyear obligations. the returned authority is treated as new budget authority',
224:'on the sf 133. however, if the trust funds total currentyear receipts are greater than total currentyear obligations, then these',
225:'accounts must be adjusted to zero prior to submitting the facts ii atb preclosing entry. if, on the other hand,',
226:'the trust funds total currentyear receipts are not enough to cover currentyear obligations, then these accounts are closed as part',
227:'of the postclosing entries. the following scenario illustrates each of these concepts. year 1 illustrates the proper entries for a',
228:'trust fund where the total amount of currentyear receipts is greater than total currentyear obligations. year 2 illustrates authority returned',
229:'to the trust fund in order to cover obligations, and the corresponding entries where the total amount of currentyear receipts',
230:'at yearend is greater than the amount that was needed to cover currentyear obligations. year 3 illustrates authority returned to',
231:'the trust fund to cover obligations, and the corresponding entries where the total amount of currentyear receipts at yearend is',
232:'not enough to cover currentyear obligations. year 1 1. to record appropriated receipts from federal sources into a trust fund.',
233:'the receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding expenditure account.1',
234:'assume a portion of the receipts is subject to apportionment. tc a186 1 the transactions in this scenario combine the',
235:'activity of the receipt and expenditure accounts. the receiptexpenditure account relationship is described in more detail in the introduction of',
236:'the guide. 2 generally all trust fund receipts and collections are recorded into ussgl account 4114 appropriated trust or special',
237:'fund receipts. an exception exists for work performed under the economy act, for which the collections are recorded as offsetting',
238:'and netted against outlays. budgetary 4114 appropriated trust or special fund receipts 500 4450 unapportioned authority 100 4620 unobligated funds',
239:'not subject to apportionment 400 proprietary 1010 fund balance with treasury 500 5800 tax revenue collected 500 2. to record',
240:'reimbursable activity between a trust fund and another federal fund for work performed under the economy act.2 offsetting collections are',
241:'recorded directly to trust fund expenditure accounts. assume offsetting collections for this program are subject to apportionment. a. to record',
242:'anticipated reimbursements. tc a302 budgetary 4210 anticipated reimbursements and other income 700 4450 unapportioned authority 700 proprietary none budgetary 4450',
243:'unapportioned authority 550 4590 apportionments unavailable anticipated resources 550 proprietary none c. to record a reimbursable agreement with an advance',
244:'and to realize previously anticipated and apportioned authority. tc a122, c182 budgetary 4222 unfilled customer orders with advance 550 4210',
245:'anticipated reimbursements and other income 550 and 4590 apportionments unavailable anticipated resources 550 4610 allotments realized resources 550 proprietary 1010',
246:'fund balance with treasury 550 2310 advances from others 550 d. to incur obligations. tc b204 budgetary 4610 allotments realized',
247:'resources 550 4801 undelivered orders obligations, unpaid 550 proprietary none budgetary 4252 reimbursements and other income earned collected 550 4222',
248:'unfilled customer orders with advance 550 proprietary 2310 advances from others 550 5200 revenue from services provided 550 f. to',
249:'record services performed and expenses incurred. tc b107 budgetary 4801 undelivered orders obligations, unpaid 550 4902 delivered orders obligations, paid',
250:'550 proprietary 6100 operating expenses/program costs 550 1010 fund balance with treasury 550 3. to record obligation, expenditure and disbursement',
251:'of funds to nonfederal recipients against portion of receipts collected in transaction 1. tc b107 budgetary 4620 unobligated funds not',
252:'subject to apportionment 225 4902 delivered orders obligations, paid 225 proprietary 6100 operating expenses/program costs 225 1010 fund balance with',
253:'treasury 225 year 1 budgetary adjusting entries: for trust funds wherein receipts are precluded from obligation at yearend, record the',
254:'following pre closing entries. these entries are to be made prior to submitting facts ii atbs. note that these entries',
255:'may also be made during the year if specified by law. a1 to record adjustments for anticipated resources not realized.',
256:'tc f112 4450 unapportioned authority 150 4210 anticipated reimbursements and other income 150 a2 to record unobligated balances of appropriated',
257:'receipts temporarily precluded from obligation. tc a127 4620 unobligated funds not subject to apportionment 175 4397 receipts and appropriations temporarily',
258:'precluded from obligation 175 a3 to record unobligated balances of offsetting collections temporarily precluded from obligation. tc a129 4450 unapportioned',
259:'authority 100 4398 offsetting collections temporarily precluded from obligation 100 year 1 budgetary preclosing adjusted trial balance facts ii atb:',
260:'4114 500 4252 550 4397 175 4398 100 4902 775 1,050 1,050 budgetary closing entries: c1. to record the consolidation',
261:'of actual netfunded resources. tc f204 4201 total actual resources collected 1,050 4114 appropriated trust or special fund receipts 500',
262:'4252 reimbursements and other income earned collected 550 c2. to record the closing of expended authority paid. tc f214 4902',
263:'delivered orders obligations, paid 775 4201 total actual resources collected 775 budgetary postclosing trial balance: 4201 275 4397 175 4398',
264:'100 275 275 year 1 proprietary preclosing trial balance facts i trial balance: 1010 275 5200 550 5800 500 6100',
265:'775 1,050 1,050 proprietary closing entries: c1. to record the closing of revenues and expenses to cumulative results of operations.',
266:'tc f228 5200 revenue from services provided 550 5800 tax revenue collected 500 3310 cumulative results of operations 275 6100',
267:'operating expenses/program costs 775 proprietary postclosing trial balance: 1010 275 3310 275 275 275 year 1 sf 133: report on',
268:'budget execution and budgetary resources quarter 4: 1a appropriations 4114e 500 2a unobligated balance brought forward 3a1 spending authority from',
269:'offsetting collections, earned, collected 4252e 550 5 temporarily not available pursuant to p.l. 4397eb, 4398eb 275 7 total budgetary resources',
270:'775 8a1 obligations incurred, direct 4902e 550 8a3 obligations incurred, direct, not subject to apportionment 4902e 225 9 unobligated balances',
271:'available 0 11 total status of budgetary resources 775 12. obligated balance, net as of october 1 13. obligated balance',
272:'transferred, net 14. obligated balance, net, end of period 15a. disbursements 4902e 775 15b. collections 4252e 550 ussgl 2108: yearend',
273:'closing statement: column 5 postclosing unexpended balance 1010e 275 column 11 unobligated balance 4397e, 4398e 275 year 1 schedule p',
274:'program & financing: obligations by program activity 1000 total new obligations 4902e 775 budgetary resources available for obligation 2200 new',
275:'budget authority gross sum 4000 to 6990 775 2395 total new obligations from line 1000 775 2499 total unobligated balance,',
276:'end of year 0 new budgetary authority gross detail 6027 appropriation trust fund, indefinite 4114e 500 6045 portion precluded from',
277:'obligation 4397eb 175 6800 discr spend authority from offsetting collections 4252e 550 6845 portion unavailable for obligation 4398eb 100 7000',
278:'total new budget authority gross 4114e+4252e+4397eb+4398eb 775 year 1 omb form and content statements balance sheet assets 1a1 entity intragovernmental',
279:'1010e 275 liabilities & net position 8 cumulative results of operations 3310e 275 statement of net cost 1b1 program costs',
280:'public production 6100e 775 1d less earned revenue 5200e 550 5 net cost of operations calc 225 statement of changes',
281:'in net position 1 net cost of operations 225 2b financing sourcestaxes 5800e 500 9 net position end of period',
282:'calc 275 year 1 omb form and content statements continued statement of budgetary resources 1a budget authority appropriations 4114e 500',
283:'3a1 spending authority from offsetting collections 4252e 550 4b adjustments temporarily not available 4397eb, 4398eb 275 5 total budgetary resources',
284:'775 6 obligations incurred 4902e 775 9 total status of resources 775 10 obligations incurred 4902e 775 11a1 spending authority',
285:'from offsetting collections 4252e 550 15 total outlays calc 225 statement of financing 1a obligations incurred 4902e 775 1b1a earned',
286:'reimb collected 4252e 550 1j total calc 225 5 net cost of operations calc 225 year 2 year 2 illustrates',
287:'authority returned to the trust fund in order to cover obligations, and the corresponding entries where the total amount of',
288:'currentyear receipts at yearend is greater than the amount that was needed to cover currentyear obligations.3 3 compare with year',
289:'3 where the total amount of currentyear receipts at yearend is not enough to cover currentyear obligations. the difference is',
290:'in whether an adjusting entry or closing entry is required to reduce ussgl accounts 4157 and 4158. 1. to record',
291:'appropriated receipts from federal sources into a trust fund. the receipts are deposited into an available trust fund receipt account,',
292:'and are automatically credited to the corresponding expenditure account. assume the receipts are not subject to apportionment. tc a186 budgetary',
293:'4114 appropriated trust or special fund receipts 600 4620 unobligated funds not subject to apportionment 600 proprietary 1010 fund balance',
294:'with treasury 600 5800 tax revenue collected 600 2a. to record the obligation, expenditure and disbursement of funds to nonfederal',
295:'recipients. note that at the time of obligation, current year receipts are not enough to cover obligations. tc b107 budgetary',
296:'4620 unobligated funds not subject to apportionment 750 4902 delivered orders obligations, paid 750 proprietary 6100 operating expenses/program costs 750',
297:'1010 fund balance with treasury 750 and year 2 2b. to record authority made available from previously unavailable balances.4 tc',
298:'a192, a194 4 the unavailable balances from prior years are captured in ussgl accounts 4397 or 4398. refer to year',
299:'1 of this scenario for the original transactions. calculation: $600 received $750 to be expended = $150 to be covered',
300:'by balances collected in prior years budgetary 4157 authority made available from receipt or appropriation balances previously precluded from obligation',
301:'75 4158 authority made available from offsetting collections balances previously precluded from obligation 75 4620 unobligated funds not subject to',
302:'apportionment 150 proprietary none 3. to record additional appropriated receipts into the trust fund. tc a186 budgetary 4114 appropriated trust',
303:'or special fund receipts 500 4620 unobligated funds not subject to apportionment 500 proprietary 1010 fund balance with treasury 500',
304:'5800 tax revenue collected 500 year 2 budgetary adjusting entries: a1 to record unobligated balances of appropriated receipts temporarily precluded',
305:'from obligation. tc a127 4620 unobligated funds not subject to apportionment 500 4397 receipts and appropriations temporarily precluded from obligation',
306:'500 a2 to reduce balances previously precluded from obligation by the amount that was needed in the current year to',
307:'cover obligations. note: record this entry as pre closing when the total amount of currentyear receipts is greater than the',
308:'amount needed to cover currentyear obligations.5 tc f132, f134 5 record this entry as postclosing when the total amount of',
309:'currentyear receipts is not enough to cover currentyear obligations. refer to year 3 of this scenario for an illustration. note',
310:'that alternative methods may be used to achieve the same result. 4397 receipts and appropriations temporarily precluded from obligation 75',
311:'4157 authority made available from receipt or appropriation balances previously precluded from obligation 75 4398 offsetting collections temporarily precluded from',
312:'obligation 75 4158 authority made available from offsetting collections balances previously precluded from obligation 75 year 2 beginning budgetary trial',
313:'balance: 4201b 275 4397b 175 4398b 100 275 275 budgetary preclosing adjusted trial balance facts ii atb: 4114 1100 4201',
314:'275 4397 600 4398 25 4902 750 1,375 1,375 budgetary closing entries: c1. to record the consolidation of actual netfunded',
315:'resources. tc f204 4201 total actual resources collected 1,100 4114 appropriated trust or special fund receipts 1,100 c2. to record',
316:'the closing of expended authority paid. tc f214 4902 delivered orders obligations, paid 750 4201 total actual resources collected 750',
317:'year 2 budgetary postclosing trial balance: 4201 625 4397 600 4398 25 625 625 year 2 beginning proprietary trial balance:',
318:'1010b 275 3310b 275 275 275 proprietary preclosing adjusted trial balance facts i atb: 1010 625 3310 275 5800 1,100',
319:'6100 750 1,375 1,375 proprietary closing entries: c1. to close revenues and expenses into cumulative results of operations. tc f228',
320:'5800 tax revenue collected 1,100 6100 operating expenses/program costs 750 3310 cumulative results of operations 350 proprietary postclosing trial balance:',
321:'1010 625 3310 625 625 625 year 2 sf 133: report on budget execution and budgetary resources quarter 4: 1a',
322:'appropriations 4114e 1,100 2a unobligated balance brought forward 4201b+4397b+4398b 0 3a1 spending authority from offsetting collections 5 temporarily not available',
323:'pursuant to p.l. 4397eb, 4398eb 350 7 total budgetary resources 750 8a3 obligations incurred, direct, not subject to apportionment 4902e',
324:'750 9 unobligated balances available 0 11 total status of budgetary resources 750 12. obligated balance, net as of october',
325:'1 13. obligated balance transferred, net 14. obligated balance, net, end of period 15a. disbursements 4902e 750 ussgl 2108: yearend',
326:'closing statement: column 5 postclosing unexpended balance 1010e 625 column 11 unobligated balance 4397e+4398e 625 year 2 schedule p program',
327:'& financing obligations by program activity 1000 total new obligations 4902e 750 budgetary resources available for obligation 2200 new budget',
328:'authority gross sum 4000 to 6990 750 2395 total new obligations from line 1000 750 2499 total unobligated balance, end',
329:'of year 0 new budgetary authority gross detail 6027 appropriation trust fund, indefinite 4114e 1,100 6028 appropriation unavailable balances 4157e',
330:'0 6045 portion precluded from obligation 4397eb 425 6800 discr spend authority from offsetting collections 6826/6926 from offsetting collections unavailable',
331:'balances 4158e 0 6845 portion unavailable for obligation 4398eb 75 7000 total new budget authority gross 4114e+4157e+4158e+4397eb+4398eb 750 year 2',
332:'omb form and content statements balance sheet assets 1a1 entityintragovernmental 1010e 625 liabilities and net position 8 cumulative results of',
333:'operations 3310e 625 statement of net cost 1b1 program costspublicproduction 6100e 750 5 net cost of operations calc 750 statement',
334:'of changes in net position 1 net cost of operations 750 2b financing sourcestaxes 5800e 1,100 3 net results of',
335:'operations calc 21 350 8 net positionbeg of period 3310b 275 9 net positionend of period calc 625 year 2',
336:'omb form and content statements continued statement of budgetary resources 1a budget authority appropriations 4114e, 4157e, 4158e 1,100 4b adjustments',
337:'temporarily not available 4397eb, 4398eb 350 5 total budgetary resources 750 6 obligations incurred 4902e 750 9 total status of',
338:'resources 750 10 obligations incurred 4902e 750 15 total outlays calc 750 statement of financing 1a obligations incurred 4902e 750',
339:'1j total calc 750 5 net cost of operations calc 750 year 3 year 3 illustrates authority returned to the',
340:'trust fund in order to cover obligations, and the corresponding entries where the total amount of currentyear receipts at yearend',
341:'is not enough to cover currentyear obligations.6 6 compare with year 2 where the total amount of currentyear receipts at',
342:'yearend is greater than the amount that was needed to cover currentyear obligations. the difference is in whether an adjusting',
343:'entry or closing entry is required to reduce ussgl accounts 4157 and 4158. 1. to record appropriated receipts into a',
344:'trust fund. the receipts are deposited into an available trust fund receipt account, and are automatically credited to the corresponding',
345:'expenditure account. assume the receipts are not subject to apportionment. tc a186 budgetary 4114 appropriated trust or special fund receipts',
346:'1,000 4620 unobligated funds not subject to apportionment 1,000 proprietary 1010 fund balance with treasury 1,000 5800 tax revenue collected',
347:'1,000 2a. to record the obligation, expenditure and disbursement of funds. note that at the time of obligation, current year',
348:'receipts are not enough to cover obligations. tc b107 budgetary 4620 unobligated funds not subject to apportionment 1,200 4902 delivered',
349:'orders obligations, paid 1,200 proprietary 6100 operating expenses/program costs 1,200 1010 fund balance with treasury 1,200 and 2b. to record',
350:'authority made available from previously unavailable balances. tc a192 budgetary 4157 authority made available from receipt or appropriation balances previously',
351:'precluded from obligation 200 4620 unobligated funds not subject to apportionment 200 proprietary none year 3 3. to record additional',
352:'appropriated receipts into the trust fund. tc a186 budgetary 4114 appropriated trust or special fund receipts 100 4620 unobligated funds',
353:'not subject to apportionment 100 proprietary 1010 fund balance with treasury 100 5800 tax revenue collected 100 budgetary adjusting entries:',
354:'a1 to record unobligated balances of appropriated receipts temporarily precluded from obligation. tc a127 4620 unobligated funds not subject to',
355:'apportionment 100 4397 receipts and appropriations temporarily precluded from obligation 100 year 3 beginning budgetary trial balance: 4201b 625 4397b',
356:'600 4398b 25 625 625 budgetary preclosing adjusted trial balance facts ii atb: 4114 1,100 4157 200 4201 625 4397',
357:'700 4398 25 4902 1,200 1,925 1,925 budgetary closing entries: c1 to record the consolidation of actual netfunded resources. tc',
358:'f204 4201 total actual resources collected 1,100 4114 appropriated trust or special fund receipts 1,100 c1 to record the closing',
359:'of expended authority paid. tc f214 4902 delivered orders obligations, paid 1,200 4201 total actual resources collected 1,200 year 3',
360:'c2 to reduce balances previously precluded from obligation by the amount that was needed in the current year to cover',
361:'obligations. note: record this entry as postclosing when the total amount of currentyear receipts is not enough to cover currentyear',
362:'obligations.7 tc f242 7 record this entry as preclosing when the total amount of currentyear receipts is greater than the',
363:'amount needed to cover currentyear obligations. refer to year 2 of this scenario for an illustration. note that alternative methods',
364:'may be used to achieve the same result. 4397 receipts and appropriations temporarily precluded from obligation 200 4157 authority made',
365:'available from receipt or appropriation balances previously precluded from obligation 200 budgetary postclosing trial balance: 4201 525 4397 500 4398',
366:'25 525 525 year 3 beginning proprietary trial balance: 1010b 625 3310b 625 625 625 proprietary preclosing trial balance facts',
367:'i trial balance: 1010 525 3310 625 5800 1,100 6100 1,200 1,725 1,725 proprietary closing entries: c1. to close revenues',
368:'and expenses into cumulative results of operations. tc f228 5800 tax revenue collected 1,100 3310 cumulative results of operations 100',
369:'6100 operating expenses/program costs 1,200 proprietary postclosing trial balance: 1010 525 3310 525 525 525 year 3 sf 133: report',
370:'on budget execution and budgetary resources quarter 4: 1a appropriations 4114e+4157e+4158e 1,300 2a unobligated balance brought forward 4201b+4397b+4398b 0 3a1',
371:'spending authority from offsetting collections 5 temporarily not available pursuant to p.l. 4397eb, 4398eb 100 7 total budgetary resources 1,200',
372:'8a3 obligations incurred, direct, not subject to apportionment 4902e 1,200 9 unobligated balances available 0 11 total status of budgetary',
373:'resources 1,200 12. obligated balance, net as of october 1 13. obligated balance transferred, net 14. obligated balance, net, end',
374:'of period 15a. disbursements 4902e 1,200 ussgl 2108: yearend closing statement: column 5 postclosing unexpended balance 1010e 525 column 11',
375:'unobligated balance 4157e+4158e+4397e+4398e 525 year 3 schedule p program & financing: obligations by program activity 1000 total new obligations 4902e',
376:'1,200 budgetary resources available for obligation 2200 new budget authority gross sum 4000 to 6990 1,200 2395 total new obligations',
377:'from line 1000 1,200 2499 total unobligated balance, end of year 0 new budgetary authority gross detail 6027 appropriation trust',
378:'fund, indefinite 4114e 1,100 6028 appropriation unavailable balances 4157e 200 6045 portion precluded from obligation 4397eb 100 6800 discr spend',
379:'authority from offsetting collections 6826/6926 from offsetting collections unavailable balances 6845 portion unavailable for obligation 4398eb 0 7000 total new',
380:'budget authority gross 4114e+4157e+4158e+4397eb+4398eb 1,200 year 3 omb form and content statements balance sheet assets 1a1 entityintragovernmental 1010e 525 liabilities',
381:'& net position 8 cumulative results of operations 3310e 525 statement of net cost 1b1 program costspublicproduction 6100e 1,200 5',
382:'net cost of operations calc 1,200 statement of changes in net position 1 net cost of operations 1,200 2b financing',
383:'sourcestaxes 5800e 1,100 3 net results of operations calc 21 100 8 net positionbeg of period 3310b 625 9 net',
384:'positionend of period calc 525 year 3 omb form and content statements continued statement of budgetary resources 1a budget authority',
385:'appropriations 4114e, 4157e, 4158e 1,300 4b adjustments temporarily not available 4397eb, 4398eb 100 5 total budgetary resources 1,200 6 obligations',
386:'incurred 4902e 1,200 9 total status of resources 1,200 10 obligations incurred 4902e 1,200 15 total outlays calc 1,200 statement',
387:'of financing 1a obligations incurred 4902e 1,200 1j total calc 1,200 5 net cost of operations calc 1,200 scenario iii',
388:'illustrates the accounting and reporting procedures for trust fund receipts available for investment, but not immediately available for obligation. examples',
389:'include receipts collected in one year that are not available for obligation until the following year, or receipts only available',
390:'for obligation subject to an annual appropriation act. in both cases, the amounts are available for investment, and therefore the',
391:'unobligated balances should be reflected on the ussgl 2108. omb, however, classifies these receipts as unavailable, or unappropriated, and requires',
392:'the amounts to be excluded from the sf 133 until the required conditions are met. an example would be the',
393:'aquatic resources trust fund. as indicated in treasurys fast book, most federal trust funds are designated as available, indicating that',
394:'receipts collected are immediately available for investment. therefore, in treasurys central accounting system, when receipts are deposited into an available',
395:'trust fund receipt account, they are automatically credited to the corresponding expenditure account, with no further action required by congress.',
396:'once in the expenditure account, the funds may be invested, based upon terms stipulated in legislation or a trust agreement.',
397:'regardless of whether a trust fund is designated as available in treasurys system, the receipts of that trust fund may',
398:'or may not be available to the agency for obligation. obligational authority is also determined in the legislation governing the',
399:'trust fund. if a fund symbol is available for both investment and obligation, then follow accounting guidance illustrated in scenario',
400:'i, basic trust fund accounting. however, if a fund symbol is designated as available for investment but not available for',
401:'obligation, then observe the guidance provided in scenario iii. this scenario illustrates the use of ussgl account 4394 receipts not',
402:'available for obligation upon collection. this account was established to provide the mechanism for properly including balances on the ussgl',
403:'2108 and excluding balances on the sf 133. since there are more special funds than trust funds that employ this',
404:'type of activity, a more detailed scenario was developed by the ussgl special fund subcommittee, in conjunction with the ussgl',
405:'trust fund subcommittee. for additional background and presentation of this ussgl account, visit the ussgl web site. year 1 1.',
406:'to record the collection of excise taxes from the public into an available trust fund receipt account. because the trust',
407:'fund is designated as available, the receipts are automatically credited to the corresponding expenditure account, so that they may be',
408:'invested.1 assume that the legislation for this trust fund states that receipts are not available for obligation until the next',
409:'fiscal year. tc a188 1 the transactions in this scenario combine the activity of the receipt and expenditure accounts into',
410:'one. the receipt expenditure account relationship is described in more detail in the introduction of the guide. 2 this is',
411:'a basic transaction to illustrate that the receipts collected are immediately invested. investment transactions are kept to a minimum in',
412:'this scenario in order to focus attention on the accounting for receipts that are available for investment but not obligation.',
413:'refer to scenario iv, trust fund investments, as well as section iii accounting transactions of tfm s2 0102 as updated',
414:'for more detailed guidance on trust fund investments. budgetary 4114 appropriated trust or special fund receipts 10,000 4394 receipts not',
415:'available for obligation upon collection 10,000 proprietary 1010 fund balance with treasury 10,000 5800 tax revenue collected 10,000 2. the',
416:'receipts are immediately invested in a u.s. treasury security issued by the bureau of the fiscal service. the security has',
417:'a par value of $10,000 and was purchased at a discount of $2,000.2 tc b128 budgetary none proprietary 1610 investments',
418:'in u.s. treasury securities issued by fiscal service 10,000 1611 discount on u.s. treasury securities issued by fiscal service 2,000',
419:'1010 fund balance with treasury 8,000 year 1 3. to record interest receivable on the treasury security. this is not',
420:'a budgetary resource until collected. tc c215 budgetary none proprietary 1340 interest receivable 1,000 5310 interest revenue 1,000 4. to',
421:'record the amortization of the discount on the treasury security. tc d510 budgetary none proprietary 1613 amortization of discount and',
422:'premium on u.s. treasury securities issued by fiscal service 500 5310 interest revenue 500 year 1 budgetary preclosing adjusted trial',
423:'balance facts ii atb: 4114 10,000 4394 10,000 10,000 10,000 budgetary closing entry: c1. to record the consolidation of actual',
424:'netfunded resources. tc f204 4201 total actual resources collected 10,000 4114 appropriated trust or special fund receipts 10,000 budgetary postclosing',
425:'trial balance: 4201 10,000 4394 10,000 10,000 10,000 year 1 proprietary preclosing trial balance facts i trial balance: 1010 2,000',
426:'1340 1,000 1610 10,000 1611 2,000 1613 500 5310 1,500 5800 10,000 13,500 13,500 proprietary closing entry: c1. to record',
427:'the closing of revenues to cumulative results of operations. tc f228 5310 interest revenue 1,500 5800 tax revenue collected 10,000',
428:'3310 cumulative results of operations 11,500 proprietary postclosing trial balance: 1010 2,000 1340 1,000 1610 10,000 1611 2,000 1613 500',
429:'3310 11,500 13,500 13,500 year 1 sf 133: report on budget execution and budgetary resources quarter 4: 1a appropriations 4114e',
430:'10,000 4394eb 10,000 2a unobligated balance brought forward 0 7 total budgetary resources 0 11 total status of budgetary resources',
431:'0 ussgl 2108: yearend closing statement: column 5 postclosing unexpended balance 1010e 2,000 column 6 other authorizations 1610e 10,000 1611e',
432:'2,000 column 11 unobligated balance 4394e 10,000 year 1 program and financing schedule p&f: obligations by program activity 1000 total',
433:'new obligations 0 budgetary resources available for obligation 2140 unobligated balance available, start of year 0 2200 new budget authoritygross',
434:'sum 4000 to 6990 0 2395 total new obligations from line 1000 0 2499 unobligated balance carried forward, end of',
435:'year 0 new budgetary authority gross, detail 4026 appropriation trust fund, definite 4114e + 4394eb 0 7000 total new budget',
436:'authority gross 4114e + 4394eb 0 memorandum entries 9201 total investments, start of year par 1610b 0 9202 total investments,',
437:'end of year par 1610e 10,000 year 1 omb form and content statements balance sheet assets 1a1 fund balance with',
438:'treasury 1010e 2,000 1a4 investments 1340e, 1610e, 1611e, 1613e 9,500 liabilities and net position 6b cumulative results of operations 3310e',
439:'11,500 statement of net cost 1 program costs 0 1d less earned revenue 03 4 net cost of operations calculation',
440:'0 statement of changes in net position 1 net cost of operations 0 2b taxes and other nonexchange revenue 5310e,',
441:'5800e 11,500 9 net position end of period calculation 11,500 3 for most trust funds, invested balances are derived predominantly',
442:'from earmarked taxes and other nonexchange revenue. accordingly, the interest earned is classified as nonexchange, thus not deducted from the',
443:'gross cost of operations. for those trust funds, however, where the main source of balances consist of exchange revenue e.g.',
444:'civil service retirement and disability fund, the interest shall be classified as exchange, and thus deducted from the gross cost',
445:'of operations. see sffas 7, &306308. year 1 omb form and content statements continued statement of budgetary resources 1a budget',
446:'authority appropriations 4114e, 4394eb 0 5 total budgetary resources 0 6 obligations incurred 0 7b unobligated exempt from apportionment 4620e',
447:'0 9 total status of budgetary resources 0 10 obligations incurred 4902e 0 statement of financing 1 obligations and nonbudgetary',
448:'resources 0 2 resources that do not fund net cost of operations 0 3 components of costs of operations that',
449:'do not require or generate resources 0 4 financing sources yet to be provided 0 5 net cost of operations',
450:'0 year 2 1. to record the collection of excise taxes from the public into an available trust fund receipt',
451:'account. because the trust fund is designated as available, the receipts are automatically credited to the corresponding expenditure account, so',
452:'that they may be invested. assume that the legislation for this trust fund states that receipts are not available for',
453:'obligation until the next fiscal year. tc a188 budgetary 4114 appropriated trust or special fund receipts 7,000 4394 receipts not',
454:'available for obligation upon collection 7,000 proprietary 1010 fund balance with treasury 7,000 5800 tax revenue collected 7,000 2. the',
455:'receipts are immediately invested in a u.s. treasury security issued by the bureau of the fiscal service. the security has',
456:'a par value of $7,000 and was purchased at a premium of $500. omb circular a34 requires that purchased premiums',
457:'are to be recorded as a reduction of receipts. tc b126 budgetary 4394 receipts not available for obligation upon collection',
458:'500 4114 appropriated trust or special fund receipts 500 proprietary 1610 investments in u.s. treasury securities issued by fiscal service',
459:'7,000 1612 premium on u.s. treasury securities issued by fiscal service 500 1010 fund balance with treasury 7,500 year 2',
460:'3. to record collection of interest on a prior year investment. the legislation states that interest on investments is not',
461:'available for obligation.4 tc a196 4 if the legislation defines investment interest as available, credit the appropriate ussgl status account',
462:'e.g. 4450, 4620 instead of 4394. 5 for trust funds subject to apportionment, refer to section iii accounting transactions of',
463:'tfm s20102 as updated for additional transactions. budgetary 4114 appropriated trust or special fund receipts 1,000 4394 receipts not available',
464:'for obligation upon collection 1,000 proprietary 1010 fund balance with treasury 1,000 1340 interest receivable 1,000 4. to record the',
465:'portion of the prioryear=s receipts that become available for obligation, based upon conditions met in the legislation. assume that this',
466:'trust fund is not subject to apportionment.5 tc a190 budgetary 4394 receipts not available for obligation upon collection 2,000 4620',
467:'unobligated funds not subject to apportionment 2,000 proprietary none 5. to record the amortization of the discount and premium on',
468:'the treasury securities. tc d510 budgetary none proprietary 1613 amortization of discount and premium on u.s. treasury securities issued by',
469:'fiscal service 300 5310 interest revenue 300 5310 interest revenue 200 1613 amortization of discount and premium on u.s. treasury',
470:'securities issued by fiscal service 200 year 2 budgetary preclosing adjusted trial balance facts ii atb: 4114 7,500 4201 10,000',
471:'4394 15,500 4620 2,000 17,500 17,500 budgetary closing entry: c1. to record the consolidation of actual netfunded resources. tc f204',
472:'4201 total actual resources collected 7,500 4114 appropriated trust or special fund receipts 7,500 budgetary postclosing trial balance: 4201 17,500',
473:'4620 2,000 4394 15,500 17,500 17,500 year 2 proprietary preclosing trial balance facts i trial balance: 1010 2,500 1610 17,000',
474:'1611 2,000 1612 500 1613 600 3310 11,500 5310 100 5800 7,000 20,600 20,600 proprietary closing entry: c1. to record',
475:'the closing of revenues to cumulative results of operations. tc f228 5310 interest revenue 100 5800 tax revenue collected 7,000',
476:'3310 cumulative results of operations 7,100 year 2 proprietary postclosing trial balance: 1010 2,500 1610 17,000 1611 2,000 1612 500',
477:'1613 600 3310 18,600 20,600 20,600 year 2 sf 133: report on budget execution and budgetary resources quarter 4: 1a',
478:'appropriations 4114e 7,500 4394eb 5,500 2a unobligated balance brought forward 4201b 10,000 4394b 10,000 7 total budgetary resources 2,000 9.',
479:'unobligated balances available 4620e 2,000 11 total status of budgetary resources 2,000 ussgl 2108: yearend closing statement: column 5 postclosing',
480:'unexpended balance 1010e 2,500 column 6 other authorizations 1610e 17,000 1611e 2,000 column 11 unobligated balance 4620e 2,000 4394e 15,500',
481:'year 2 program and financing schedule p&f: obligations by program activity 1000 total new obligations 4902e 0 budgetary resources available',
482:'for obligation 2140 unobligated balance available, start of year 0 2200 new budget authoritygross sum 4000 to 6990 2,000 2395',
483:'total new obligations from line 1000 0 2499 unobligated balance carried forward, end of year 2,000 new budgetary authority gross,',
484:'detail 4026 appropriation trust fund, definite 4114e + 4394eb 2,000 7000 total new budget authority gross 4114e + 4394eb 2,000',
485:'memorandum entries 9201 total investments, start of year par 1610b 10,000 9202 total investments, end of year par 1610e 17,000',
486:'year 2 omb form and content statements balance sheet assets 1a1 fund balance with treasury 1010e 2,500 1a4 investments 1610e,',
487:'1611e, 1612e, 1613e 16,100 liabilities and net position 6b cumulative results of operations 3310e 18,600 statement of net cost 1',
488:'program costs 0 1d less earned revenue 06 4 net cost of operations calculation 0 statement of changes in net',
489:'position 1 net cost of operations 0 2b taxes and other nonexchange revenue 5310e, 5800e 7,100 7 net position beginning',
490:'of period 3310b 11,500 9 net position end of period calculation 18,600 6 for most trust funds, invested balances are',
491:'derived predominantly from earmarked taxes and other nonexchange revenue. accordingly, the interest earned is classified as nonexchange, thus not deducted',
492:'from the gross cost of operations. for those trust funds, however, where the main source of balances consist of exchange',
493:'revenue e.g. civil service retirement and disability fund, the interest shall be classified as exchange, and thus deducted from the',
494:'gross cost of operations. see sffas 7, &306308. year 2 omb form and content statements continued statement of budgetary resources',
495:'1a budget authority appropriations 4114e, 4394eb 2,000 5 total budgetary resources 2,000 6 obligations incurred 0 7b unobligated exempt from',
496:'apportionment 4620e 2,000 9 total status of budgetary resources 2,000 10 obligations incurred 4902e 0 statement of financing 5 obligations',
497:'and nonbudgetary resources 0 6 resources that do not fund net cost of operations 0 3 components of costs of',
498:'operations that do not require or generate resources 0 7 financing sources yet to be provided 0 5 net cost',
499:'of operations 0 federal trust funds are managed by either a federal program agency or by fiscal service on behalf',
500:'of an agency. the managing entities make the investment decisions. the secretary of the treasury administers the investment programs for',
501:'federal accounts authorized by law to invest in u.s. government interestbearing obligations. treasury’s role is twofold: 1 to act as',
502:'executor of investment decisions directed by federal program agencies for agencymanaged trust funds and 2 to maintain the role of',
503:'managing trustee for treasurymanaged trust funds, wherein treasury makes and executes investment decisions for certain funds. fiscal service administers these',
504:'two missioncritical functions. scenario iv applies to both agencymanaged and treasurymanaged trust funds. the entity that manages the fund, which',
505:'would be either the agency or fiscal service acting on behalf of the agency, records the transactions outlined herein. federal',
506:'trust fund receipts can be invested in various types of securities, but appropriate authorization is required. trust fund investments are',
507:'primarily in public debt securities, issued by fiscal service, with maturities suitable to meet the needs of the fund. investments',
508:'in public debt securities are treated as an exchange of an asset. scenario iv addresses these types of investments. a',
509:'small number of trust funds are authorized to invest in nonfederal securities securities held outside of the government. investments in',
510:'nonfederal securities are treated as a purchase of an asset, rather than as an exchange of an asset. an obligation',
511:'and an outlay must be recorded for the purchase. investments in nonfederal securities are less common, and therefore are not',
512:'covered in this scenario. even fewer trust funds are authorized to invest in agency securities, whereby one agency purchases securities',
513:'issued by another agency. this type of investment, which is also uncommon in the federal government, requires specific authorization and',
514:'is not covered in this scenario. refer to omb circular a34 for additional reporting guidance, and to the ussgl web',
515:'site for guidance on accounting for agency securities. for trust funds managed by federal program agencies e.g., civil service retirement',
516:'and disability trust fund, program agencies are responsible for determining the amounts to be invested and the terms of the',
517:'investments. agencies also are responsible for calling fiscal service with specific investment/redemption orders and reporting investment activity via the sf',
518:'224: statement of transactions, sf 133, ussgl 2108, p&f, and on the agency financial statements. for trust funds managed by',
519:'fiscal service e.g., federal oldage and survivors insurance trust fund, unemployment trust fund, fiscal service is responsible for administering and',
520:'monitoring the daily activities of the managed trust funds for receipts, investments, redemptions, and interest calculations. unlike agencymanaged trust funds,',
521:'fiscal service reports the investment activity via the sf 224 for the trust funds it manages. fiscal service also reports',
522:'the appropriate investment figures through facts ii and provides the same information to the agency responsible for facts i reporting',
523:'and the agency financial statements. this scenario is specific to trust funds, and illustrates basic investment transactions. for additional transactions',
524:'and reporting requirements, refer to omb circulars a34 and a11; tfm volume i part 2 chapter 4300: intragovernmental fiduciary transactions',
525:'accounting guide; tfm volume i part 2 chapter 4300, t/l 587: reporting instructions for accounts invested in department of the',
526:'treasury securities; and additional individualized scenarios developed by the ussgl staff located on the ussgl web site. scenario assumptions the',
527:'following assumptions apply to scenario iv: receipts of this trust fund consist of predominantly nonexchange revenue. therefore, the interest earned',
528:'on investments is classified as nonexchange. for guidance on interest classified as exchange, refer to sffas 7, accounting for revenue',
529:'and other financing sources, paragraphs 306308. the programs of the investing entity are not subject to apportionment. refer to section',
530:'iii, accounting transactions, of tfm s20102 as updated for comprehensive transactions that include accounting for programs that are subject to',
531:'apportionment. 1. to record the collection of tax receipts that are deposited into a trust fund receipt account. the receipts',
532:'are automatically credited to the corresponding expenditure account, whereby they can be invested.1 tc a186 1 the transactions in this',
533:'scenario combine the activity of the receipt and expenditure accounts into one. the receipt expenditure account relationship is described in',
534:'more detail in the introduction of the guide. budgetary 4114 appropriated trust or special fund receipts 1,000,000 4620 unobligated funds',
535:'not subject to apportionment 1,000,000 proprietary 1010 fund balance with treasury 1,000,000 5800 tax revenue collected 1,000,000 2. to record',
536:'the immediate investment of the receipts in u.s. treasury security a issued by the bureau of the fiscal service. the',
537:'security has a par value of $1,000,000 and was purchased at a discount of $200,000. tc b128 budgetary none proprietary',
538:'1610 investments in u.s. treasury securities issued by fiscal service 1,000,000 1611 discount on u.s. treasury securities issued by fiscal',
539:'service 200,000 1010 fund balance with treasury 800,000 3. to record the collection of additional receipts that are deposited into',
540:'the trust fund receipt account. the receipts are automatically credited to the corresponding expenditure account, whereby they can be invested.',
541:'tc a186 budgetary 4114 appropriated trust or special fund receipts 5,000,000 4620 unobligated funds not subject to apportionment 5,000,000 proprietary',
542:'1010 fund balance with treasury 5,000,000 5800 tax revenue collected 5,000,000 4. to record the immediate investment of the receipts',
543:'in u.s. treasury security b issued by the bureau of the fiscal service. the security has a par value of',
544:'$5,000,000 and was purchased for a premium of $10,000. tc b126 budgetary 4620 unobligated funds not subject to apportionment 10,000',
545:'4114 appropriated trust or special fund receipts 10,000 proprietary 1610 investments in u.s. treasury securities issued by fiscal service 5,000,000',
546:'1612 premium on u.s. treasury securities issued by fiscal service 10,000 1010 fund balance with treasury 5,010,000 5. to record',
547:'accrued interest receivable for securities a and b. budgetary resources are not recorded until interest is collected. tc c215 budgetary',
548:'none proprietary 1340 interest receivable 101,000 5310 interest revenue 101,000 6. to record the maturity of security a. a. to',
549:'record the amortization of the discount. tc d510 budgetary none proprietary 1613 amortization of discount and premium on u.s. treasury',
550:'securities issued by fiscal service 200,000 5310 interest revenue 200,000 b. to record the redemption. tc c124 budgetary 4114 appropriated',
551:'trust or special fund receipts 200,000 4620 unobligated funds not subject to apportionment 200,000 proprietary 1010 fund balance with treasury',
552:'1,000,000 1610 investments in u.s. treasury securities issued by fiscal service 1,000,000 1611 discount on u.s. treasury securities issued by',
553:'fiscal service 200,000 1613 amortization of discount and premium on u.s. treasury securities issued by fiscal service 200,000 7. to',
554:'record the obligation and disbursement of funds to nonfederal recipients. investments redeemed in the previous transaction are enough to cover',
555:'disbursement needs. tc b107 budgetary 4620 unobligated funds not subject to apportionment 12,000 4902 delivered orders obligations, paid 12,000 proprietary',
556:'6100 operating expenses/program costs 12,000 1010 fund balance with treasury 12,000 8. to record the maturity of security b. a.',
557:'to record the collection of interest deposited into the trust fund receipt account. tc a196 budgetary 4114 appropriated trust or',
558:'special fund receipts 100,000 4620 unobligated funds not subject to apportionment 100,000 proprietary 1010 fund balance with treasury 100,000 1340',
559:'interest receivable 100,000 b. to record the amortization of the premium. tc d510 budgetary none proprietary 5310 interest revenue 10,000',
560:'1613 amortization of discount and premium on u.s. treasury securities issued by fiscal service 10,000 c. to record the redemption.',
561:'budgetary resources were previously reduced for premium at the time of purchase. tc c122 budgetary none proprietary 1010 fund balance',
562:'with treasury 5,000,000 1610 investments in u.s. treasury securities issued by fiscal service 5,000,000 1613 amortization of discount and premium',
563:'on u.s. treasury securities issued by fiscal service 10,000 1612 premium on u.s. treasury securities issued by fiscal service 10,000',
564:'9. to record the collection of additional receipts that are deposited into the trust fund receipt account. the receipts are',
565:'automatically credited to the corresponding expenditure account, whereby they can be invested. tc a186 budgetary 4114 appropriated trust or special',
566:'fund receipts 500,000 4620 unobligated funds not subject to apportionment 500,000 proprietary 1010 fund balance with treasury 500,000 5800 tax',
567:'revenue collected 500,000 10. to record the immediate investment of the receipts in u.s. treasury security c issued by the',
568:'bureau of the fiscal service. the security has a par value of $500,000 and was purchased at a discount of',
569:'$40,000. tc b128 budgetary none proprietary 1610 investments in u.s. treasury securities issued by fiscal service 500,000 1611 discount on',
570:'u.s. treasury securities issued by fiscal service 40,000 1010 fund balance with treasury 460,000 11. to record the amortization of',
571:'the discount for security c. tc d510 budgetary none proprietary 1613 amortization of discount and premium on u.s. treasury securities',
572:'issued by fiscal service 10,000 5310 interest revenue 10,000 note: for those trust funds with receipts that are limited to',
573:'the year=s obligations, an adjusting entry is required. follow the guidance in scenario ii: trust fund balances precluded from obligation',
574:'for treatment of unobligated balances. budgetary preclosing adjusted trial balance facts ii atb: 4114 6,790,000 4620 6,778,000 4902 12,000 6,790,000',
575:'6,790,000 budgetary closing entries: c1. to record the consolidation of actual netfunded resources. tc f204 4201 total actual resources collected',
576:'6,790,000 4114 appropriated trust or special fund receipts 6,790,000 c2. to record the closing of expended authority paid. tc f214',
577:'4902 delivered orders obligations, paid 12,000 4201 total actual resources collected 12,000 budgetary postclosing trial balance: 4201 6,778,000 4620 6,778,000',
578:'6,778,000 6,778,000 proprietary preclosing trial balance facts i trial balance: 1010 6,318,000 1340 1,000 1610 500,000 1611 40,000 1613 10,000',
579:'5310 301,000 5800 6,500,000 6100 12,000 6,841,000 6,841,000 proprietary closing entries: c1. to record the closing of revenues and expenses',
580:'to cumulative results of operations. tc f228 5310 interest revenue 301,000 5800 tax revenue collected 6,500,000 3310 cumulative results of',
581:'operations 6,789,000 6100 operating expenses/program costs 12,000 proprietary postclosing trial balance: 1010 6,318,000 1340 1,000 1610 500,000 1611 40,000 1613',
582:'10,000 3310 6,789,000 6,829,000 6,829,000 sf 133: report on budget execution and budgetary resources quarter 4: 1a appropriations 4114e 6,790,000',
583:'2a unobligated balance brought forward 3 spending authority from offsetting collections 5 temporarily not available pursuant to public law 7',
584:'total budgetary resources 6,790,000 8a1 obligations incurred, direct 8a3 obligations incurred, direct, not subject to apportionment 4902e 12,000 9 unobligated',
585:'balances available 4620e 6,778,000 11 total status of budgetary resources 6,790,000 12. obligated balance, net as of october 1 13.',
586:'obligated balance transferred, net 14. obligated balance, net, end of period 15a. disbursements 4902e 12,000 ussgl 2108: yearend closing statement:',
587:'column 5 postclosing unexpended balance 1010e 6,318,000 column 6 other authorizations 1610e, 1611e 460,000 column 11 unobligated balance 4620e 6,778,000',
588:'program and financing schedule p&f: obligations by program activity 1000 total new obligations 4902e 12,000 budgetary resources available for obligation',
589:'2140 unobligated balance available, start of year 0 2200 new budget authoritygross sum 4000 to 6990 6,790,000 2395 total new',
590:'obligations from line 1000 12,000 2499 unobligated balance carried forward, end of year 4620e 6,778,000 new budgetary authority gross, detail',
591:'4026 appropriation trust fund, definite 4114e 6,790,000 7000 total new budget authority gross 4114e 6,790,000 memorandum entries 9201 total investments,',
592:'start of year par 1610b 0 9202 total investments, end of year par 1610e 500,000 omb form and content statements',
593:'balance sheet assets 1a1 fund balance with treasury 1010e 6,318,000 1a4 investments 1340e, 1610e, 1611e, 1613e 471,000 liabilities and net',
594:'position 6b cumulative results of operations 3310e 6,789,000 statement of net cost 1 program costs public production 6100e 12,000 1d',
595:'less earned revenue 02 4 net cost of operations calculation 12,000 statement of changes in net position 1 net cost',
596:'of operations 12,000 2b taxes and other nonexchange revenue 5310e, 5800e 6,801,000 9 net position end of period calculation 21',
597:'6,789,000 2 for most trust funds, invested balances are derived predominantly from earmarked taxes and other nonexchange revenue. accordingly, the',
598:'interest earned is classified as nonexchange, thus not deducted from the gross cost of operations. for those trust funds, however,',
599:'where the main source of balances consist of exchange revenue e.g. civil service retirement and disability fund, the interest shall',
600:'be classified as exchange, and thus deducted from the gross cost of operations. see sffas 7, &306308. omb form and',
601:'content statements continued statement of budgetary resources 1a budget authority appropriations 4114e 6,790,000 5 total budgetary resources 6,790,000 6 obligations',
602:'incurred 4902e 12,000 7b unobligated exempt from apportionment 4620e 6,778,000 9 total status of budgetary resources 6,790,000 10. obligations incurred',
603:'4902e 12,000 statement of financing 1 obligations and nonbudgetary resources 4902e 12,000 2 resources that do not fund net cost',
604:'of operations 0 3 components of costs of operations that do not require or generate resources 0 4 financing sources',
605:'yet to be provided 0 5 net cost of operations 12,000 treasurymanaged trust funds are a unique group of accounts',
606:'in that the law has designated the secretary of treasury to act as managing trustee for a named group of',
607:'trust funds. fiscal service administers this function. treasurymanaged trust funds are comprised of an individual tafs reported by fiscal service',
608:'referred to as the corpus account, and an individual tafs reported by the program agency referred to as the agency',
609:'account. in most instances, fiscal service tafs are structured as 20x8000; the 20 indicates treasury, x represents the period of',
610:'availability, and 8000 represents the trust fund series. the agency tafs are established in one of two ways: either as',
611:'a separate appropriation fund symbol i.e., 69x8123 or as a transfer appropriation symbol, which is commonly referred to as an',
612:'allocation account i.e., 75 20x8000. allocation accounts are symbolized by adding the receiving agencys department prefix to the original appropriation',
613:'fund symbol. in the example above, the 75 represents the u.s. department of health and human services. the scenario that',
614:'follows was developed for the allocationtype treasurymanaged trust funds. refer to scenario vi, trust fund appropriation transfers for specific treasury',
615:'appropriation fund symbols, for transactions between specific treasurymanaged trust funds and other trust fund appropriation accounts. in appearance, the treasurymanaged',
616:'trust fund allocation accounts resemble general fund allocation accounts, but in practice there are several differences. first, most trust funds',
617:'have investment authority, while general funds typically do not. investment authority resides with the corpus account and is managed by',
618:'fiscal service. because fiscal service manages the trust funds investments in the corpus account and the agency manages the trust',
619:'funds obligations and disbursements in the allocation account, sound cash management principles must be enforced. this is discussed in more',
620:'detail below. second, yearend reporting requirements for the treasurymanaged trust fund allocation accounts require that any amounts receivable or payable',
621:'between the corpus and agency accounts either net to zero or be eliminated. this concept affects the sf 133, ussgl',
622:'2108, and p&f presentations, as well as agency and governmentwide financial statement presentations. scenario v illustrates this theory. the flowchart',
623:'at the beginning of this section illustrates the basic framework and flow of activity within a treasurymanaged trust fund allocation',
624:'account. receipts are recorded in the corpus account and then invested based upon the terms stipulated by statute or trust',
625:'agreement. as funds are needed by the agency account for disbursement, the program agency contacts fiscal service for a transfer',
626:'of funds accomplished via sf 1151. the fiscal service then disinvests the funds so that the transfer may be accomplished.',
627:'the treasurymanaged trust fund allocation accounts also record nonexpenditure transfers that occur between other trust funds, as well as expenditure',
628:'transfers with federal funds. refer to scenario i, basic trust fund accounting. in contrast with other federal nonexpenditure transfers, transfers',
629:'between trust fund corpus accounts and agency allocation accounts require different accounting and reporting treatment. to maintain sound cash management',
630:'principles, funds remain invested until needed for disbursement to maximize interest earned. since fiscal service performs the investment function, and',
631:'the program agency performs the obligation and disbursement function, a budgetary mechanism is sometimes needed to transfer the budget authority',
632:'prior to actually transferring the funds. that mechanism results in a receivable and payable transaction recorded by each entity. another',
633:'notable concept is that the corpus tafs consists of one or more receipt accounts i.e., 20x8000.001, 20x8000.002 and a corresponding',
634:'expenditure account i.e., 20x8000. trust fund receipts are often comprised of taxes, customs duties, fines, penalties, etc., and are first',
635:'credited to a trust fund receipt account. because the law designates the treasurymanaged trust fund receipt accounts subject to this',
636:'guidance as available for expenditure, the receipts are automatically credited to the corresponding expenditure account. there is no current requirement',
637:'to have separate ussgl accounting for available trust fund receipt accounts; therefore, the following transactions combine activity of receipt and',
638:'expenditure accounts. below are the ussgl accounts commonly used by treasurymanaged trust fund allocation accounts. 1330 receivable for transfers of',
639:'currently invested balances 2150 payable for transfers of currently invested balances 4165 allocations of authority anticipated from invested balances 4166',
640:'allocations of realized authority to be transferred from invested balances 4167 allocations of realized authority transferred from invested balances 5755',
641:'nonexpenditure financing sources transfersin 5765 nonexpenditure financing sources transfersout the scenario also illustrates the unique reporting requirements for budgetary and',
642:'proprietary transactions. for facts i proprietary and omb form and content reporting, the agency account consolidates the data from the',
643:'corpus account and reports the trust fund as a whole. for facts ii primarily budgetary reporting sf 133, ussgl 2108,',
644:'p&f, each tafs submits its portion of the activity, and then treasury and omb merge the data. 1. to record',
645:'amounts anticipated by agency for transfer from the corpus account. this is based upon an sf 132: apportionment and reapportionment',
646:'schedule request. n/a 1. to record amounts anticipated by agency for transfer from the corpus account. this is based upon',
647:'an sf 132: apportionment and reapportionment schedule request. tc a204 budgetary 4165 allocations of authority anticipated from invested balances 50,000',
648:'4450 unapportioned authority 50,000 proprietary none 2. to record receipts credited to the corpus account. note: this transaction combines the',
649:'activity of the receipt and expenditure accounts. tc a186 budgetary 4114 appropriated trust or special fd receipts 70,000 4620 unob',
650:'fds not subject to apport 70,000 proprietary 1010 fund balance with treasury 70,000 5800 tax revenue collected 70,000 2. to',
651:'record receipts credited to the corpus account. note: this transaction combines the activity of the receipt and expenditure accounts. n/a',
652:'3. to record the investment of receipts in par value securities issued by the bureau of the fiscal service.1 tc',
653:'b124 budgetary none proprietary 1610 investments in u.s. treas. securities issued by fiscal service 70,000 1010 fund balance with treasury',
654:'70,000 3. to record the investment of receipts in par value securities issued by the bureau of the fiscal service.',
655:'n/a 4. to record apportionment of funds based on an approved sf 132: apportionment and reapportionment schedule. n/a 4. to',
656:'record apportionment of funds anticipated in transaction 1 based on an approved sf 132: apportionment and reapportionment schedule. tc a116',
657:'budgetary 4450 unapportioned authority 50,000 4510 apportionments 50,000 proprietary none 1 this is a basic transaction to illustrate that the',
658:'receipts collected by the corpus account are immediately invested. no further investment activity is reflected in this scenario. refer to',
659:'scenario iv, trust fund investments, as well as section iii accounting transactions of tfm s20102 as updated for more detailed',
660:'guidance on trust fund investments. 5. to record receivables/payables for the transfer of authority and financing sources. this may be',
661:'based upon an amount specified in an annual appropriation act, or based upon an agencys authority to obligate. a. to',
662:'record a payable prior to the sf 1151: nonexpenditure transfer authorization request.2 tc a223 budgetary 4620 unob fds not subject',
663:'to apport 25,000 4166 allocations of realized authority to be transferred from invested bal 25,000 proprietary 5765 nonexpenditure financing sources',
664:'– transfersout 25,000 2150 payable for transf of currently invested balances 25,000 5. to record receivables/payables for the transfer of',
665:'authority and financing sources. this may be based upon an amount specified in an annual appropriation act, or based upon',
666:'an agencys authority to obligate. a. to record a receivable prior to the sf 1151: nonexpenditure transfer authorization request.2 tc',
667:'a217 budgetary 4166 allocations of realized authority to be transferred from invested balances 25,000 41653 allocations of authority anticipated from',
668:'invested balances 25,000 proprietary 1330 receiv for transf of curr invested bal 25,000 5755 nonexpenditure financing sources transfersin 25,000 2',
669:'proprietary receivable/payable transactions within treasurymanaged trust fund allocation accounts must be eliminated for agency and governmentwide financial statements. for facts',
670:'i proprietary reporting, one trial balance is submitted by the agency containing the appropriate data for both accounts. the elimination',
671:'entry related to this transaction is illustrated after the postclosing trial balance. 3 for activity that is not subject to',
672:'apportionment, a credit to ussgl account 4620 unobligated funds not subject to apportionment may be appropriate. refer to section iii',
673:'accounting transactions of tfm s20102 as updated for more comprehensive transactions. b. to record obligations incurred. n/a b. to record',
674:'obligations incurred. tc a120, b202, b204 budgetary 4510 apportionments 25,000 48014 undelivered orders obligations, unpaid 25,000 proprietary none 4 this',
675:'step may be skipped for activity that goes directly to expended authority ussgl 49xx series. refer to section iii accounting',
676:'transactions of tfm s20102 as updated for more comprehensive transactions. 6. to record payable for expenses incurred. n/a 6. to',
677:'record payable for expenses incurred. tc b302 budgetary 4801 unexpended obligations – unpaid 25,000 4901 delivered orders obligations, unpaid 25,000',
678:'proprietary 6100 operating expenses/program costs 25,000 2110 accounts payable 25,000 budgetary: adjusting entry a1 to record appropriated receipts temporarily precluded',
679:'from obligation. tc a127 4620 unoblig fds not subject to apport 45,000 43975 receipts and approps temp precluded from obligation',
680:'45,000 5 many of the treasurymanaged trust fund allocation accounts have limitations on obligations. for those that do not, follow',
681:'the guidance in scenario i, basic trust fund accounting, of this guide. for those that do, refer to scenario ii,',
682:'trust fund balances precluded from obligation, for a more detailed illustration. budgetary: adjusting entry a1 to record adjustments for anticipated',
683:'resources not realized. tc f112 4450 unapportioned authority 25,000 4165 allocations of authority anticipated from invested balances 25,000 budgetary: preclosing',
684:'adjusted trial balance facts ii submission 4114 70,000 4166 25,000 4397 45,000 70,000 70,000 budgetary: preclosing adjusted trial balance facts',
685:'ii submission 4166 25,000 4450 25,000 4510 25,000 4901 25,000 50,000 50,000 budgetary: closing entry c1 to record the consolidation',
686:'of actual netfunded resources tc f204 4201 total actual resources collected 70,000 4114 appropriated trust or special fund receipts 70,000',
687:'postclosing trial balance 4166 25,000 4201 70,000 4397 45,000 70,000 70,000 budgetary: closing entry c1 to record the closing of',
688:'unobligated balances to unapportioned authority. tc f210 4510 apportionments 25,000 4450 unapportioned authority 25,000 postclosing trial balance 4166 25,000 4901',
689:'25,000 25,000 25,000 proprietary: preclosing trial balance 1610 70,000 2150 25,000 5765 25,000 5800 70,000 95,000 95,000 closing entry c1',
690:'to record the closing of revenue and other financing sources accounts to cumulative results of operations. tc f228 5800 tax',
691:'revenue collected 70,000 3310 cum. results of operations 45,000 5765 nonexpenditure financing sources transfersout 25,000 proprietary: preclosing trial balance 1330',
692:'25,000 2110 25,000 5755 25,000 6100 25,000 50,000 50,000 closing entry c1 to record the closing of expense and other',
693:'financing source accounts to cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin 25,000 3310 cum. results of',
694:'operations 25,000 3310 cumulative results of operations 25,000 6100 operating expenses/program costs 25,000 proprietary: postclosing trial balance 1610 70,000 2150',
695:'25,000 3310 45,000 70,000 70,000 proprietary: postclosing trial balance 1330 25,000 2110 25,000 25,000 25,000 proprietary: n/a proprietary: eliminating entry6',
696:'6 keep this entry separate from the main general ledger. this entry is necessary for accurate agency and governmentwide facts',
697:'i financial statement presentations. e1 to eliminate proprietary receivables and payables between the corpus and agency accounts, prior to the',
698:'facts i trial balance submission. 2150 payable for transfers of curr. invested bal. 25,000 1330 receivable for transfers of currently',
699:'invested balances 25,000 5755 nonexpenditure financing sources transin 25,000 5765 nonexpenditure financing sources transfersout 25,000 facts i trial balance preclosing',
700:'consolidated corpus and agency account 1610 70,000 2110 25,000 5800 70,000 6100 25,000 95,000 95,000 sf133: report on budget execution',
701:'and budgetary resources yearend7 7 the corpus and agency accounts submit budget data separately via facts ii. sf 133 data',
702:'is extracted and consolidated by omb. budgetary resources corpus account agency account 1. budget authority a. appropriations 4114e 70,000 0',
703:'d. net transfers, current year authority realized 4166eb 25,000 25,000 2. unobligated balance 4166b 0 0 5. temporarily not available',
704:'pursuant to public law 4397eb 45,000 7. total budgetary resources 0 25,000 status of budgetary resources 8. obligations incurred 4901eb',
705:'0 25,000 10. unobligated balances not available 4450e, 4510e 0 0 11. total, status of budgetary resources 0 25,000 relation',
706:'of obligations to outlays 14. obligated balance, net, end of period d. 4901e 0 25,000 15. outlays a. disbursements 4902e',
707:'0 0 b. collection ussgl 2108: yearend closing statement8 8 the corpus and agency accounts submit budget data separately via',
708:'facts ii. ussgl 2108 data is extracted and consolidated by treasury. 9 the receivable/payable amounts to be transferred ussgl account',
709:'4166 reflected in column 7 must net to zero when combined. corpus account agency account column 6 other authorizations 1610e',
710:'70,000 0 column 7 reimbursements earned 4166e9 25,000 25,000 column 10 accounts payable 4901e 0 25,000 column 11 unobligated balance',
711:'4397e, 4450e, 4510e 45,000 0 consolidated schedule p program & financing10 10 the corpus and agency accounts submit budget data',
712:'separately via facts ii. p&f data is extracted and consolidated by omb. 11 line 4100 reflects the corpus accounts 4166eb',
713:'payable balance to be transferred. line 4200 reflects the agency accounts 4166eb receivable balance to be transferred. these amounts must',
714:'match. budgetary resources available for obligation 2200 new budget authority gross 4114e 4397eb 25,000 2395 total new obligations 4901eb 25,000',
715:'new budgetary authority gross detail 4027/6027 appropriation trust fund, indefinite 4114e 70,000 4100 transferred to other accounts 4166eb11 25,000 4200',
716:'transferred from other accounts 4166eb 25,000 6045 portion precluded from obligation 4397eb 45,000 6250 appropriation total 25,000 change in unpaid',
717:'obligations 7299 total unpaid obligations, start of year 4901b 0 7310 total new obligations 4901eb 25,000 7499 total unpaid obligations,',
718:'end of year 4901e 25,000 memorandum entries 9201 total investments, start of year 1610b 0 9202 total investments, end of',
719:'year 1610e 70,000 consolidated corpus/agency form and content statements 12 12 the corpus and agency accounts are consolidated by the',
720:'agency in preparation of the omb form and content statements. any transfers between the corpus and agency accounts are eliminated.',
721:'balance sheet assets 1a4 investments 1610e 70,000 liabilities and net position 4b1 accounts payable 2110e 25,000 8. cumulative results of',
722:'operations 3310e 45,000 statement of net cost 1b1 program costspublic production 6100e 25,000 1d less earned revenue 0 5 net',
723:'cost of operations calculation 25,000 statement of changes in net position 1 net cost of operations 25,000 2b financing sourcestaxes',
724:'5800e 70,000 9 net positionend of period calculation 45,000 consolidated corpus/agency form and content statements continued statement of budgetary resources',
725:'1a budget authority appropriations 4114e 70,000 1d net transfers 4166eb 0 4b adjustmentstemporarily not available 4397eb 45,000 5 total budgetary',
726:'resources 25,000 6 obligations incurred 4901eb 25,000 8 unobligated balances not yet available 4450e, 4510e 0 9 total status of',
727:'resources 25,000 10 obligations incurred 4901eb 25,000 14d less: accounts payable 4901e 25,000 15 total outlays calculation 0 statement of',
728:'financing 1a obligations incurred 4901eb 25,000 1j total calculation 25,000 5 net cost of operations calculation 25,000 1. agency account',
729:'requests transfer of funds to meet disbursement needs. a. to record disinvestment of funds. tc c120 budgetary none proprietary 1010',
730:'fund balance with treasury 25,000 1610 investments in u.s. treasury securities issued by fiscal service 25,000 b. to record actual',
731:'transfer of funds sf 1151 non expenditure transfer authorization between corpus and agency accounts. tc a225 budgetary 4166 allocations of',
732:'realized authority to be transferred from invested balances 25,000 4167 allocations of realized authority transferred from invested balances 25,000 proprietary',
733:'2150 payable for transfers of currently invested balances 25,000 1010 fund balance with treasury 25,000 1. agency account requests transfer',
734:'of funds to meet disbursement needs. a. to record disinvestment of funds. n/a b. to record actual transfer of funds',
735:'sf 1151 non expenditure transfer authorization between corpus and agency accounts. tc a219 budgetary 4167 allocations of realized authority transferred',
736:'from invested balances 25,000 4166 allocations of realized authority to be transferred from invested balances 25,000 proprietary 1010 fund balance',
737:'with treasury 25,000 1330 receivable for transfers of currently invested balances 25,000 c. to record disbursement of funds. n/a c.',
738:'to record disbursement of funds. tc b110 budgetary 4901 delivered orders obligations, unpd 25,000 4902 delivered orders oblig, paid 25,000',
739:'proprietary 2110 accounts payable 25,000 1010 fund balance with treasury 25,000 budgetary: beginning trial balance 4166 25,000 4201 70,000 4397',
740:'45,000 70,000 70,000 no adjusting entries preclosing adjusted trial balance facts ii submission 4167 25,000 4201 70,000 4397 45,000 70,000',
741:'70,000 budgetary: beginning trial balance 4166 25,000 4901 25,000 25,000 25,000 no adjusting entries preclosing adjusted trial balance facts ii',
742:'submission 4167 25,000 4902 25,000 25,000 25,000 budgetary: closing entry c1 to record the consolidation of actual netfunded resources. tc',
743:'f204 4167 allocations of realized authority transferred from invested balances 25,000 4201 total actual resources collected 25,000 postclosing trial balance:',
744:'4201 45,000 4397 45,000 45,000 45,000 budgetary: closing entries c1 to record the consolidation of actual netfunded resources. tc f204',
745:'4201 total actual resources – collected 25,000 4167 allocations of realized authority transferred from invested balances 25,000 c1 to record',
746:'the closing of expended authority paid. tc f214 4902 delivered orders obligations, paid 25,000 4201 total actual resources coll. 25,000',
747:'postclosing trial balance none proprietary: beginning trial balance 1610 70,000 2150 25,000 3310 45,000 70,000 70,000 preclosing trial balance 1610',
748:'45,000 3310 45,000 45,000 45,000 closing entry none postclosing trial balance 1610 45,000 3310 45,000 45,000 45,000 proprietary: beginning trial',
749:'balance 1330 25,000 2110 25,000 25000 25000 preclosing trial balance none closing entry none postclosing trial balance none facts i',
750:'trial balance preclosing consolidated corpus and agency account 1610 45,000 3310 45,000 45,000 45,000 trust fund sf133: report on budget',
751:'execution and budgetary resources yearend budgetary resources corpus account agency account 1. budget authority a. appropriations d. net transfers, current',
752:'year authority realized 4166eb+4167e 0 0 2. unobligated balance 4201b + 4397b + 4901b + 4166b 0 0 5. temporarily',
753:'not available pursuant to public law 4397eb 0 0 7. total budgetary resources 0 0 status of budgetary resources 8.',
754:'obligations incurred 4901eb + 4902e 0 0 11. total, status of budgetary resources 0 0 relation of obligations to outlays',
755:'12. obligated balance, net as of october 1 4901b 0 25,000 15. outlays a. disbursements 4902e 0 25,000 b. collections',
756:'ussgl 2108: yearend closing statement corpus account agency account column 6 other authorizations 1610e 45,000 0 column 11 unobligated balance',
757:'4397e 45,000 0 consolidated schedule p program & financing budgetary resources available for obligation 2200 new budget authority gross 4114e',
758:'4397eb 0 2395 total new obligations 4901eb + 4902eb 0 new budgetary authority gross detail 4027/6027 appropriation trust fund, indefinite',
759:'4114e 0 4100 transferred to other accounts 4166eb, 4167e 0 4200 transferred from other accounts 4166eb, 4167e 0 6045 portion',
760:'precluded from obligation 4397eb 0 change in unpaid obligations 7299 total unpaid obligations, start of year 4901b 25,000 7310 total',
761:'new obligations 4901eb 25,000 7499 total unpaid obligations, end of year 4901e 0 memorandum entries 9201 total investments, start of',
762:'year 1610b 70,000 9202 total investments, end of year 1610e 45,000 consolidated corpus/agency form and content statements 13 13 the',
763:'corpus and agency accounts are consolidated by the agency in preparation of the omb form and content statements. any transfers',
764:'between the corpus and agency accounts are eliminated. balance sheet assets 1a4 investments 1610e 45,000 liabilities and net position 8',
765:'cumulative results of operations 3310e 45,000 statement of net cost 0 statement of changes in net position 1 net cost',
766:'of operations 0 8 net positionbeginning of period 3310b 45,000 9 net positionend of period calculation 45,000 consolidated corpus/agency form',
767:'and content statements continued statement of budgetary resources 1a budget authority appropriations 0 1d net transfers 4166eb, 4167e 0 2a',
768:'unobligated balance available 4201b+4166b+4397b 0 4b adjustmentstemporarily not available 4397eb 0 5 total budgetary resources 0 6 obligations incurred 4901eb+4902e',
769:'0 9 total status of resources 0 10 obligations incurred 4901eb, 4902e 0 12 obligated balance, netbeginning 4901b 25,000 15',
770:'total outlays calculation 25,000 statement of financing 1a obligations incurred 4901eb+4902e 0 1j total calculation 0 5 net cost of',
771:'operations calculation 0 scenario vi addresses the budget’s unique presentation of nonexpenditure appropriation transfers1 for tafs involving two specific entities:',
772:'transferringout entities, which are treasurymanaged trust funds, and receiving entities, which are agency trust funds. currently, only four transferringout treasurymanaged',
773:'trust fund entities are subject to this guidance: airport and airway trust fund, aquatic resources trust fund, highway trust fund,',
774:'and oil spill liability trust fund. these funds are designed to collect receipts and transferout, based upon the legislation of',
775:'the receiving entities. there are, however, multiple agency receiving entities involved. the receiving entities are responsible for managing the program',
776:'activities, including tracking and recording appropriations and disbursements. 1 tfm vol. i part 2 chapter 2000 defines nonexpenditure transactions. the',
777:'reporting characteristics of the nonexpenditure transfers between the entities are very unique compared to typical nonexpenditure appropriation transfers. in the',
778:'budget, the entities transferringout do not present p&fs with the exception of the memorandum entries; they only present schedules of',
779:'unavailable collections schedule n’s. budget authority, which mainly consists of tax receipts and interest earned, is not executable. for the',
780:'receiving entities, p&fs are presented in the budget, but schedule n’s are not. furthermore, definite amounts are typically appropriated annually',
781:'to the receiving entities, but the amounts are appropriated from the receipts collected by the transferringout entities. these are not',
782:'appropriations from the general fund of treasury. fiscal service forms 6200: appropriation warrants, are not processed. instead, the appropriations are',
783:'accomplished via sf 1151. however, in the budget, they are to be recorded as appropriations, not as transfers. in reporting',
784:'terminology, the appropriation is to be recorded on sf 133 line 1a, not line 1d, and also the respective p&f',
785:'appropriation lines, not the p&f transfer lines. the tar of the receiving entities, which is derived in part from ussgl',
786:'2108’s, reflects currentyear nonexpenditure transfers in the appropriations and other obligational authority column includes appropriations and appropriation transfer activity and',
787:'prioryear nonexpenditure transfers in the transfers column. the four ussgl accounts below were established to account for this unique activity:',
788:'4126 amounts appropriated from specific treasurymanaged trust fund tafs receivable 4127 amounts appropriated from specific treasurymanaged trust fund tafs payable',
789:'4128 amounts appropriated from specific treasurymanaged trust fund tafs transfersin 4129 amounts appropriated from specific treasurymanaged trust fund tafs transfersout',
790:'prior to the establishment of these accounts, all ussgl transfer accounts representing currentyear nonexpenditure activity crosswalked to transfer lines on',
791:'the sf 133 line 1d and p&f lines 4100, 4200, 6100, 6200. the characteristics described above require the transfers to',
792:'crosswalk to appropriation lines. therefore, ussgl account 4128 was established to account for nonexpenditure transfersin that crosswalk to sf 133',
793:'and p&f appropriation lines. account 4129 was established to account for nonexpenditure transfersout that do not crosswalk to the sf',
794:'133 or p&f, since the authority is not executable. furthermore, a mechanism is sometimes needed to transfer authority to the',
795:'receiving entity prior to transferring the funds. this gives the receiving entity the resource from which to obligate. the funds',
796:'remain in the transferringout tafs in order to maximize interest earned until such time as needed by the receiving entity',
797:'for disbursement. in order to support this mechanism, ussgl accounts 4126 and 4127 were established to represent receivable and payable',
798:'amounts between the two entities. these accounts will crosswalk to sf 133, p&f, and ussgl 2108 lines to accurately reflect',
799:'authority transferred prior to funds. year 1 illustrates receipts credited to a treasurymanaged trust fund account, where the receipts are',
800:'immediately available for investment, but not available for obligation. a specific amount is then appropriated in the agencys appropriation act',
801:'to the agency trust fund account. for year 1, assume that the full amount appropriated is simultaneously transferred via sf',
802:'1151. 1. to record receipts credited to the treasurymanaged trust fund account. note: this transaction combines the activity of the',
803:'receipt and expenditure accounts. tc a188 budgetary 4114 appropriated trust or special fund receipts 100,000 4394 receipts not available for',
804:'obligation upon collection 100,000 proprietary 1010 fund balance with treasury 100,000 5800 tax revenue collected 100,000 1. to record receipts',
805:'credited to the treasurymanaged trust fund account. note: this transaction combines the activity of the receipt and expenditure accounts. n/a',
806:'2. to record the investment of receipts in par value securities issued by the bureau of the fiscal service.2 tc',
807:'b124 budgetary none proprietary 1610 investments in u.s. treas. securities issued by fiscal service 100,000 1010 fund balance with treasury',
808:'100,000 2. to record the investment of receipts in par value securities issued by the bureau of the fiscal service.',
809:'n/a 2 this is a basic transaction to illustrate that the receipts collected by the corpus account are immediately invested.',
810:'no further investment activity is reflected in this scenario. refer to scenario iv, trust fund investments, of this guide as',
811:'well as section iii accounting transactions of tfm s20102 as updated for more detailed guidance on trust fund investments. 3.',
812:'to record amounts appropriated from the treasurymanaged trust fund to the agency trust fund expenditure account. this amount is specified',
813:'in the agencys appropriation or authorization act. immediately thereafter, in order to fulfill cash needs, the full amount of the',
814:'appropriation is transferred to the agency trust fund expenditure account via sf 1151. a. to record the disinvestment of funds',
815:'prior to the transfer. tc c120 budgetary none proprietary 1010 fund balance with treasury 25,000 1610 investments in u.s. treas.',
816:'securities issued by fiscal service 25,000 b. to record the transfer of funds via sf 1151. tc a278 budgetary 4394',
817:'receipts not available for obligation upon collection 25,000 4129 amounts appropriated from specific treasurymanaged trust fund tafs transfersout 25,000 proprietary',
818:'5765 nonexpend. financing sources transout 25,000 1010 fund balance with treasury 25,000 3. to record amounts appropriated to the agency',
819:'trust fund expenditure account from the treasurymanaged trust fund. this amount is specified in the agencys appropriation or authorization act.',
820:'immediately thereafter, in order to fulfill cash needs, the full amount of the appropriation is transferred to the agency trust',
821:'fund expenditure account via sf 1151. tc a276 budgetary 4128 amounts appropriated from specific treasurymanaged trust fund tafs transfersin 25,000',
822:'4450 unapportioned authority 25,000 proprietary 1010 fund balance with treasury 25,000 5755 nonexpend. financing sources transin 25,000 4. to record',
823:'apportionment, allotment, expenditure and disbursement to nonfederal recipients. n/a 4. to record apportionment, allotment, expenditure and disbursement to nonfederal recipients.3',
824:'tc a116, a120, b107 budgetary 4450 unapportioned authority 25,000 4902 delivered orders obligations, paid 25,000 proprietary 6100 operating expenses/program costs',
825:'25,000 1010 fund balance with treasury 25,000 3 the ussgl entries for budgetary control and obligations for trust funds are',
826:'the same as those published in tfm s20102 as updated. for purposes of illustration, only the final results are shown',
827:'here. budgetary: preclosing adjusted trial balance facts ii submission: 4114 100,000 4129 25,000 4394 75,000 100,000 100,000 closing entry: c1',
828:'to record the consolidation of actual netfunded resources. tc f204 4129 amounts appropriated from specific treasury managed trust fund tafs',
829:'transfersout 25,000 4201 total actual resources collected 75,000 4114 appropriated trust or special fund receipts 100,000 postclosing trial balance: 4201',
830:'75,000 4394 75,000 75,000 75,000 budgetary: preclosing adjusted trial balance facts ii submission: 4128 25,000 4902 25,000 25,000 25,000 closing',
831:'entries: c1 to record the consolidation of actual netfunded resources. tc f204 4201 total actual resources collected 25,000 4128 amounts',
832:'appropriated from specific treasurymanaged trust fund tafs transfersin 25,000 c2 to record the closing of expended authority paid. tc f214',
833:'4902 delivered orders obligations, paid 25,000 4201 total actual resources collected 25,000 postclosing trial balance: n/a proprietary: preclosing trial balance:',
834:'1610 75,000 5765 25,000 5800 100,000 100,000 100,000 closing entry: c1 to close revenues into cumulative results of operations. tc',
835:'f228 5800 tax revenue collected 100,000 3310 cum. results of operations 75,000 5765 nonexpenditure financing sources transfersout 25,000 postclosing trial',
836:'balance: 1610 75,000 3310 75,000 75,000 75,000 proprietary: preclosing trial balance: 5755 25,000 6100 25,000 25,000 25,000 closing entry: c1',
837:'to close revenues and expenses into cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin 25,000 3310 cum.',
838:'results of operations 25,000 3310 cumulative results of operations 25,000 6100 operating expenses/program costs 25,000 postclosing trial balance: n/a schedule',
839:'on unavailable collections schedule n 01.99 balance, start of year 0 02.99 total receipts 100,000 05.99 subtotal appropriation 25,000 07.99',
840:'total balance, end of year 75,000 sf 133: report on budget execution and budgetary resources yearend n/a ussgl 2108: yearend',
841:'closing statement column 6 other authorizations 1610e 75,000 column 11 unobligated balance 4394e 75,000 schedule on unavailable collections schedule n',
842:'n/a sf 133: report on budget execution and budgetary resources yearend 1. budgetary authority a. appropriations 4128e 25,000 7. total',
843:'budgetary resources 25,000 8. obligations incurred 4902e 25,000 11. total status of budgetary resources 25,000 15a. outlays, disbursements 4902e 25,000',
844:'ussgl 2108: yearend closing statement column 5 postclosing unexpended balance 1010e 0 column 11 unobligated balance 0 program and financing',
845:'schedule p&f memorandum entries 9201 total investments, start of year 1610b 0 9202 total investments, end of year 1610e 75,000',
846:'program and financing schedule p&f obligations by program activity 1000 total new obligations 4902e 25,000 budgetary resources available for obligation',
847:'2140 unobligated balance available, start of year 0 2200 new budget authority gross sum 4000 to 6990 25,000 2395 total',
848:'new obligations from line 1000 25,000 2499 unobligated bal carried forward, end of year 4450e 0 new budgetary authority gross,',
849:'detail 4026 appropriation discrtrust fund, definite 4128e 25,000 7000 total new budget authority gross 4128e 25,000 memorandum entries n/a omb',
850:'form and content statements n/a omb form and content statements consolidated balance sheet assets 1a1 fund balance with treasury 1010e',
851:'0 1a4 investments 1610e 75,000 liabilities and net position 8. cum. results of operations 3310e 75,000 statement of net cost',
852:'1b1 program costs – public production 6100e 25,000 1d less earned revenue 0 5 net cost of operations calc 25,000',
853:'statement of changes in net position 1 net cost of operations 25,000 2b financing sourcestaxes 5800e 100,000 9 net positionend',
854:'of period calc 75,000 omb form and content statements continued n/a omb form and content statements consolidated continued statement of',
855:'budgetary resources 1a budg auth approps 4114e, 4394eb, 4128e, 4129e 25,000 5 total budgetary resources 25,000 6 obligations incurred 4902e',
856:'25,000 9 total status of resources 25,000 10 obligations incurred 4902e 25,000 15 total outlays calculation 25,000 statement of financing',
857:'1a obligations incurred 4902e 25,000 1j total calc 25,000 5 net cost of operations calc 25,000 year 2 illustrates receipts',
858:'credited to a treasurymanaged trust fund account, where the receipts are immediately available for investment, but not available for obligation.',
859:'a specific amount is then appropriated in the agencys appropriation act to the agency trust fund account. for year 2,',
860:'assume that actual funds are not immediately needed for disbursement; therefore, a corresponding receivable/payable will be established on the books',
861:'for the amount of the appropriation. in order to maintain sound cash management principles, obligations may be incurred by the',
862:'agency, but disbursements may not be made until an sf 1151 is accomplished. 1. to record receipts credited to the',
863:'treasurymanaged trust fund account. note: this transaction combines the activity of the receipt and expenditure accounts. tc a188 budgetary 4114',
864:'appropriated trust or special fund receipts 500,000 4394 receipts not available for obligation upon collection 500,000 proprietary 1010 fund balance',
865:'with treasury 500,000 5800 tax revenue collected 500,000 1. to record receipts credited to the treasurymanaged trust fund account. note:',
866:'this transaction combines the activity of the receipt and expenditure accounts. n/a 2. to record the investment of receipts in',
867:'par value securities issued by the bureau of the fiscal service.4 tc b124 budgetary none proprietary 1610 investments in u.s.',
868:'treas. securities issued by fiscal service 500,000 1010 fund balance with treasury 500,000 2. to record the investment of receipts',
869:'in par value securities issued by the bureau of the fiscal service. n/a 4 this is a basic transaction to',
870:'illustrate that the receipts collected by the corpus account are immediately invested. no further investment activity is reflected in this',
871:'scenario. refer to scenario iv, trust fund investments, of this guide as well as section iii accounting transactions of tfm',
872:'s20102 as updated for more detailed guidance on trust fund investments. 3. to record a payable for amounts appropriated from',
873:'the treasurymanaged trust fund to the agency trust fund expenditure account. this amount is specified in the agencys appropriation or',
874:'authorization act. in order to maintain sound cash management principles, the funds will not be transferred until needed for disbursement.',
875:'tc a270 budgetary 4394 receipts not available for obligation upon collection 250,000 4127 amounts appropriated from specific treasurymanaged trust fund',
876:'tafs – payable 250,000 proprietary 5765 nonexpend. financing sources transout 250,000 2150 payable for transfers of currently invested balances 250,000',
877:'3. to record a receivable for amounts appropriated from the treasurymanaged trust fund to the agency trust fund expenditure account.',
878:'this amount is specified in the agencys appropriation or authorization act. in order to maintain sound cash management principles, the',
879:'funds will not be transferred until needed for disbursement. tc a268 budgetary 4126 amounts appropriated from specific treasurymanaged trust fund',
880:'tafs receivable 250,000 4450 unapportioned authority 250,000 proprietary 1330 receivable for transfers of currently invested balances 250,000 5755 nonexpenditure financing',
881:'sources – transfersin 250,000 4. to record apportionment, allotment, and obligations incurred. n/a 4. to record apportionment, allotment, and obligations',
882:'incurred, and to set up payable to nonfederal recipients.5 tc a116, a120, b314 budgetary 4450 unapportioned authority 225,000 4901 delivered',
883:'orders obligations, unpaid 225,000 proprietary 6100 operating expenses/program costs 225,000 2110 accounts payable 225,000 5 the ussgl entries for budgetary',
884:'control and obligations for trust funds are the same as those published in tfm s20102 as updated. for purposes of',
885:'illustration, only the final results are shown here. 5. to record the actual transfer of funds from the treasury managed',
886:'trust fund account, accomplished via sf 1151. a. to record the disinvestment of funds prior to the transfer. tc c120',
887:'budgetary none proprietary 1010 fund balance with treasury 200,000 1610 investments in u.s. treasury securities issued by fiscal service 200,000',
888:'b. to record the transfer of funds via sf 1151. tc a274 budgetary 4127 amounts appropriated from specific treasurymanaged trust',
889:'fund tafs payable 200,000 4129 amounts appropriated from specific treasurymanaged trust fund tafs transfersout 200,000 proprietary 2150 payable for transfers',
890:'of currently invested balances 200,000 1010 fund balance with treasury 200,000 5. to record the actual transfer of funds to',
891:'the agency trust fund account from the treasurymanaged trust fund account, accomplished via sf 1151. tc a272 budgetary 4128 amounts',
892:'appropriated from specific treasurymanaged trust fund tafs transfersin 200,000 4126 amounts appropriated from specific treasurymanaged trust fund tafs receivable 200,000',
893:'proprietary 1010 fund balance with treasury 200,000 1330 receivable for transfers of currently invested balances 200,000 6. to record the',
894:'expenditure and disbursement of funds to non federal recipients. n/a 6. to record the expenditure and disbursement of funds to',
895:'nonfederal recipients. tc b110 budgetary 4901 delivered orders obligations, unpaid 200,000 4902 delivered orders obligations, paid 200,000 proprietary 2110 accounts',
896:'payable 200,000 1010 fund balance with treasury 200,000 budgetary: preclosing adjusted trial balance facts ii submission: 4114 500,000 4127 50,000',
897:'4129 200,000 4201 75,000 4394 325,000 575,000 575,000 closing entry: c1 to record the consolidation of actual netfunded resources. tc',
898:'f204 4129 amounts appropriated from specific treasury mgd trust fund tafs transfersout 200,000 4201 total actual resources collected 300,000 4114',
899:'appropriated trust or special fund receipts 500,000 postclosing trial balance: 4127 50,000 4201 375,000 4394 325,000 375,000 375,000 budgetary: preclosing',
900:'adjusted trial balance facts ii submission: 4126 50,000 4128 200,000 4450 25,000 4901 25,000 4902 200,000 250,000 250,000 closing entries:',
901:'c1 to record the consolidation of actual netfunded resources. tc f204 4201 total actual resources collected 200,000 4128 amounts appropriated',
902:'from specific treasurymanaged trust fund tafs transfersin 200,000 c2 to record the closing of expended authority paid tc f214 4902',
903:'delivered orders obligations, paid 200,000 4201 total actual resources collected 200,000 postclosing trial balance: 4126 50,000 4450 25,000 4901 25,000',
904:'50,000 50,000 proprietary: preclosing trial balance: 1610 375,000 2150 50,000 3310 75,000 5765 250,000 5800 500,000 625,000 625,000 closing entry:',
905:'c1 to close revenues into cumulative results of operations. tc f228 5800 tax revenue collected 500,000 3310 cum. results of',
906:'operations 250,000 5765 nonexpenditure financing sources transfersout 250,000 postclosing trial balance: 1610 375,000 2150 50,000 3310 325,000 375,000 375,000 proprietary:',
907:'preclosing trial balance: 1330 50,000 2110 25,000 5755 250,000 6100 225,000 275,000 275,000 closing entry: c1 to close revenues and',
908:'expenses into cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin 250,000 3310 cum. results of operations 25,000',
909:'6100 operating expenses/program costs 225,000 postclosing trial balance: 1330 50,000 2110 25,000 3310 25,000 50,000 50,000 schedule on unavailable collections',
910:'schedule n 01.99 balance, start of year 75,000 02.99 total receipts 500,000 05.99 subtotal appropriation 250,000 07.99 total balance, end',
911:'of year 325,000 sf 133: report on budget execution and budgetary resources yearend n/a ussgl 2108: yearend closing statement column',
912:'6 other authorizations 1610e 375,000 column 10 accounts payable 4127e 50,000 column 11 unobligated balance 4394e 325,000 schedule on unavailable',
913:'collections schedule n n/a sf 133: report on budget execution and budgetary resources yearend 1. budgetary authority a. appropriations 4126eb,',
914:'4128e 250,000 2a. unobligated bal brought forward 4126b, 4201b 0 7. total budgetary resources 250,000 8. obligations incurred 4901eb, 4902e',
915:'225,000 10. unobligated balance not available 4450e 25,000 11. total status of budgetary resources 250,000 14d. accounts payable 4901e 25,000',
916:'15a. outlays, disbursements 4902e 200,000 ussgl 2108: yearend closing statement column 5 postclosing unexpended balance 1010e 0 column 7 reimbursements',
917:'earned 4126e 50,000 column 10 accounts payable 4901e 25,000 column 11 unobligated balance 4450e 25,000 program and financing schedule p&f',
918:'memorandum entries 9201 total investments, start of year 1610b 75,000 9202 total investments, end of year 1610e 375,000 program and',
919:'financing schedule p&f obligations by program activity 1000 total new obligations 4901eb, 4902e 225,000 budgetary resources available for obligation 2140',
920:'unobligated balance available, start of year 0 2200 new budget authority gross sum 4000 to 6990 250,000 2395 total new',
921:'obligations from line 1000 225,000 2499 unobligated bal carried forward, end of year 4450e 25,000 new budgetary authority gross, detail',
922:'4026 appropriation discrtrust fd, def 4126eb, 4128e 250,000 7000 total new budget authority gross 4126eb, 4128e 250,000 memorandum entries n/a',
923:'omb form and content statements n/a omb form and content statements consolidated balance sheet assets 1a1 fund balance with treasury',
924:'1010e 0 1a4 investments 1610e 375,000 liabilities and net position 3a1 accounts payable 2110e 25,000 8 cum. results of operations',
925:'3310e 350,000 statement of net cost 1b1 program costs – public production 6100e 225,000 1d less earned revenue 0 5',
926:'net cost of operations calc 225,000 statement of changes in net position 1 net cost of operations 225,000 2b financing',
927:'sourcestaxes 5800e 500,000 8 net position – beginning of period 75,000 9 net position end of period calc 350,000 omb',
928:'form and content statements continued n/a omb form and content statements consolidated continued statement of budgetary resources 1a budg auth',
929:'approps 4114e, 4394eb, 4126eb 4127eb, 4128e, 4129e 250,000 2a unobligated balance brought forward 4126b, 4127b, 4201b, 4394b 0 5 total',
930:'budgetary resources 250,000 6 obligations incurred 4901eb, 4902e 225,000 8 unobligated balances not yet available 4450e 25,000 9 total status',
931:'of resources 250,000 10 obligations incurred 4901eb, 4902e 225,000 14d accounts payable 4901e 25,000 15 total outlays calculation 200,000 statement',
932:'of financing 1a obligations incurred 4901eb, 4902e 225,000 1j total calc 225,000 5 net cost of operations calc 225,000 scenario',
933:'vii illustrates the liquidation of contract authority for trust funds, where a nonexpenditure transfer from a fiscal service corpus trust',
934:'fund account funds the liquidation. for a detailed description and background related to contract authority and the ussgl accounts involved,',
935:'refer to contract authority scenarios posted on the ussgl web site. the main factor that singles out these trust funds',
936:'with contract authority from other tafs with contract authority is the involvement of at least two different entities. the first',
937:'entity is the piece managed by the fiscal service. the fiscal service records the collection and investment of receipts. for',
938:'example, the fiscal service managed airport and airway trust fund collects taxes paid by airport and airway users. the second',
939:'entity is the piece managed by the federal program agency. the agency tafs is the account in which the contract',
940:'authority is granted and where program activities are managed. for example, the federal aviation administration of the u.s. department of',
941:'transportation manages the liquidation of contract authorization trust fund, and is responsible for recording the contract authority, recording the appropriations',
942:'to liquidate contract authority, as well as tracking obligations and disbursements of the fund. note that while the appropriation to',
943:'liquidate contract authority is granted in appropriation acts, the funds will not be transferred via sf 1151 until actually needed',
944:'for disbursement. this is for cash management purposes so that the interest earned in the fiscal service tafs is maximized.',
945:'in order to capture this concept in the ussgl, and in order to support the sf 133 and p&f, ussgl',
946:'account 4136 contract authority to be liquidated by trust funds was established, and is the basis of this scenario. the',
947:'pages that follow present transactions of the fiscal service corpus account and the parent account. the parent account represents the',
948:'agency tafs, and is referred to as the parent account because it commonly has authority to transfer funds to recipient',
949:'tafs. those types of transfers are illustrated in scenario viii, trust funds with contract authority, part ii: transfers of contract',
950:'authority. scenario vii assumes that only definite contract authority is involved, and for the sake of simplicity also assumes that',
951:'programs are not subject to apportionment. refer to section iii, accounting transactions, of tfm s20102 as updated for a more',
952:'comprehensive listing of detailed transactions. year 1 fiscal service corpus account 20x8100 parent account 69x8123 1. to record the enactment',
953:'of public law for new contract authority. n/a 1. to record the enactment of public law for new contract authority.',
954:'tc a166 budgetary 4131 cy contract authority realized def 1,000 4620 unob fds not subj to apport1 1,000 proprietary n/a',
955:'2. to incur obligations. n/a 2. to incur obligations. tc b204 budgetary 4620 unob fds not subj to apportionment 600',
956:'4801 undelivered orders – oblig, unpaid 600 proprietary n/a 1 a credit to ussgl account 4450 unapportioned authority is to',
957:'be recorded for programs subject to apportionment. refer to section iii accounting transactions of tfm s20102 as updated for more',
958:'detailed transactions. year 1 fiscal service corpus account 20x8100 parent account 69x8123 3. the parent account receives an appropriation to',
959:'liquidate contract authority in the amount of $400. of that amount, $300 is immediately requested via sf 1151 nonexpenditure transfer',
960:'to be transferred from the fiscal service corpus account to the parent account to cover the expenditure and disbursement in',
961:'transaction 4. a payable is established for the remaining $100. tc a270, a278 budgetary 4620 unob fds not subj to',
962:'apport 400 4127 amts appropriated from specific treasurymgd tf tafs – payable 100 4129 amts appropriated from specific treasurymanaged trust',
963:'fund tafs – transfersout 300 proprietary 5765 nonexpenditure financing sources transfersout 400 1010 fund balance with treasury 300 2150 payable',
964:'for transfers of currently invested balances 100 3. the parent account receives an appropriation to liquidate contract authority in the',
965:'amount of $400. of that amount, $300 is immediately requested via sf 1151 nonexpenditure transfer to be transferred from the',
966:'fiscal service corpus account to the parent account to cover the expenditure and disbursement in transaction 4. a receivable is',
967:'established for the remaining $100. tc a171, a173 budgetary 4126 amounts appropriated from specific treasury managed trust fund tafs receivable',
968:'100 4136 ca to be liquidated by tf 100 and 4138 appropriations to liquidate ca 300 4135 contract authority liquidated',
969:'300 proprietary 1010 fund balance with treasury 300 1330 receivable for transfers of currently invested balances 100 5755 nonexpenditure financing',
970:'sources – transfersin 400 year 1 fiscal service corpus account 20x8100 parent account 69x8123 4. to disburse and expend. n/a',
971:'4. to disburse and expend. tc b107 budgetary 4801 undelivered orders – oblig, unpaid 300 4902 delivered orders – oblig,',
972:'paid 300 proprietary 6100 operating expenses/program costs 300 1010 fund balance with treasury 300 year 1 fiscal service corpus account',
973:'20x8100 budgetary preclosing trial balance facts ii atb: 4127 100 4129 300 4620 400 400 400 parent account 69x8123 budgetary',
974:'preclosing trial balance facts ii atb: 4126 100 4131 1,000 4135 300 4136 100 4138 300 4620 400 4801 300',
975:'4902 300 1,400 1,400 year 1 fiscal service corpus account 20x8100 budgetary closing entries: c1 to record the consolidation of',
976:'actual netfunded resources. tc f204 4129 amounts appropriated from specific treasurymanaged trust fund tafs – transfersout 300 4201 total actual',
977:'resources collected 300 postclosing trial balance: 4127 100 4201 300 4620 400 400 400 parent account 69x8123 budgetary closing entries:',
978:'c1 to record the consolidation of actual netfunded resources. tc f204 4201 total actual resources collected 300 4138 appropriations to',
979:'liquidate ca 300 c2 to record the closing of fiscal year contract authority. tc f206 4135 contract authority liquidated 300',
980:'4139 ca carried forward 700 4131 cy contract authority real def 1,000 c3 to record the closing of expended authority',
981:'paid. tc f214 4902 delivered orders – obligations, paid 300 4201 total actual resources collected 300 postclosing trial balance: 4126',
982:'100 4136 100 4139 700 4201 0 0 4620 400 4801 300 800 800 year 1 fiscal service corpus account',
983:'20x8100 proprietary preclosing trial balance facts i: 1010 300 2150 100 5765 400 400 400 closing entry: c1 to record',
984:'the closing of other financing sources into cumulative results of operations. tc f228 3310 cumulative results of operations 400 5765',
985:'nonexpenditure financing sources transfersout 400 postclosing trial balance: 1010 300 2150 100 3310 400 400 400 parent account 69x8123 proprietary',
986:'preclosing trial balance facts i: 1330 100 5755 400 6100 300 400 400 closing entry: c1 to record the closing',
987:'of other financing sources and expenses into cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin 400 3310',
988:'cumulative results of operations 100 6100 operating expenses/program costs 300 postclosing trial balance: 1330 100 3310 100 100 100 year',
989:'1 fiscal service corpus account 20x8100 sf 133: report on budget execution and budgetary resources n/a parent account 69x8123 sf',
990:'133: report on budget execution and budgetary resources 1. budgetary authority a. appropriations 4126eb, 4138e 400 c. contract authority 4131e',
991:'1,000 6 e. other auth w/drawn 4135e, 4136eb 400 7. total budgetary resources 1,000 8. obligations incurred 4801eb, 4902e 600',
992:'9. unobligated balance available 4620e 400 11. total status of budgetary resources 1,000 14 c. undelivered orders 4801e 300 15',
993:'total outlays calculation 300 year 1 fiscal service corpus account 20x8100 ussgl 2108: yearend closing statement col. 2 preclosing unexpended',
994:'balance 300 col. 3 cur. year ca realized col. 4 unobligated. and obligated. bal. withdrawn/canceled col. 5 postclosing unexpended bal.',
995:'1010e 300 col. 6 other auth. 0 calc. 2+345=6 col. 7 reimbursements earned col. 9 undelivered orders col. 10 accounts',
996:'pay. and other liab. 4127e 100 col. 11 unobligated bal. 4620e 400 calc 5+6+7+8=9+10+11 parent account 69x8123 ussgl 2108: yearend',
997:'closing statement col. 2 preclosing unexpended balance 0 col. 3 cur. year ca realized 4131e 1,000 col. 4 unobligated. and',
998:'obligated. bal. withdrawn/canceled 4135e, 4136eb 400 col. 5 postclosing unexpended bal. 1010e 0 col. 6 other auth. 4131e, 4135e, 4136e',
999:'600 calc. 2+345=6 col. 7 reimbursements earned 4126e 100 col. 9 undelivered orders 4801e 300 col. 10 accounts pay. and',
1000:'other liab. col. 11 unobligated bal. 4620e 400 calc 5+6+7+8=9+10+11 year 1 fiscal service corpus account 20x8100 program and financing',
1001:'schedule p & f memorandum entries 9201 total investments, start of year 0 9202 total investments, end of year 0',
1002:'parent account 69x8123 program and financing schedule p & f total new obligations 1000 total new obligations 4801eb, 4902e 600',
1003:'budgetary resources available for obligation 2149 unobligated balance available, start of year: contract authority not supported by ussgl 2200 new',
1004:'budget authority gross calc 4000 6990 1,000 2390 total budgetary resources avail for obligation calc 1,000 2449 unobligated balance available,',
1005:'end of year: contract authority not supported by ussgl 2499 total unobligated balance, end of year 4620e 400 new budgetary',
1006:'authority gross, detail 4026 appropriation trust fund, definite 4126eb, 4138e 400 4049 portion applied to liquidate contract authority 4135e,4136eb400 4100',
1007:'transferred to other accounts 4200 transferred from other accounts + 4300 appropriation total discretionary calc 0 6610 contract authority definite',
1008:'4131e 1,000 6661 transferred to other accounts 6662 transferred from other accounts + 6690 contract authority total mandatory calc 1,000',
1009:'7000 total new ba gross 1,000 4126eb, 4131e, 4135e, 4136eb, 4138e memorandum entries 7501 obligated balance, start of year: ca',
1010:'not supported by ussgl 7502 obligated balance, end of year: ca not supported by ussgl year 1 fiscal service corpus',
1011:'account 20x8100 omb form and content statements n/a parent account 69x8123 omb form and content statements consolidated balance sheet assets',
1012:'1a1 fund balance with treasury 1010e 300 liabilities and net position 8. cum. results of operations 3310e 300 statement of',
1013:'net cost 1b1 program costs – public production 6100e 300 1d less earned revenue 0 5 net cost of operations',
1014:'calc 300 statement of changes in net position 1 net cost of operations 300 8 net position – beginning of',
1015:'period 0 9 net position end of period calc 300 year 1 fiscal service corpus account 20x8100 omb form and',
1016:'content statements n/a parent account 69x8123 omb form and content statements consolidated continued statement of budgetary resources 1a budg auth',
1017:'approps 4126eb, 4127eb, 4129e, 4138e 0 1c budg auth contract authority 4131e 1,000 4c5 adjustmentspursuant to p.l. 4135e, 4136eb 400',
1018:'5 total budgetary resources 600 6 obligations incurred 4801eb, 4902e 600 7b unob bal availexempt from apport 4620e 0 9',
1019:'total status of resources 600 10 obligations incurred 4801eb, 4902e 600 14c. undelivered orders 4801e 300 15 total outlays calculation',
1020:'300 statement of financing 1a obligations incurred 4801eb, 4902e 600 2a chg in amt of goods/services incr/decr 4801eb300 5 net',
1021:'cost of operations calc 300 year 2 fiscal service corpus account 20x8100 parent account 69x8123 1. parent account requests nonexpenditure',
1022:'transfer of funds from the liquidating appropriation that was received in year 1. funds are transferred from the corpus account',
1023:'to the parent account. this is accomplished via sf 1151. tc a274 budgetary 4127 amts appropriated from specific treasurymgd tf',
1024:'tafs – payable 60 4129 amts appropriated from specific treasurymgd tf tafs – transfersout 60 proprietary 2150 payable for trans',
1025:'of curr inv bal 60 1010 fund balance with treasury 60 1. parent account requests nonexpenditure transfer of funds from',
1026:'the liquidating appropriation that was received in year 1. funds are transferred from the corpus account to the parent account.',
1027:'this is accomplished via sf 1151. tc a175 budgetary 4136 ca to be liquidated by tf 60 4126 amts appropriated',
1028:'fr specific treasury managed tf tafs – receivable 60 and 4138 appropriations to liquidate ca 60 4135 contract authority liquidated',
1029:'60 proprietary 1010 fund balance with treasury 60 1330 receiv for trans of curr inv bal 60 year 2 fiscal',
1030:'service corpus account 20x8100 parent account 69x8123 budgetary preclosing trial balance facts ii atb: 4127 40 4129 60 4201 300',
1031:'4620 400 400 400 closing entries: c1 to record the consolidation of actual netfunded resources. tc f204 4129 amounts appropriated',
1032:'from specific treasurymanaged trust fund tafs – transfersout 60 4201 total actual resources collected 60 budgetary preclosing trial balance facts',
1033:'ii atb: 4126 40 4135 60 4136 40 4138 60 4139 700 4620 400 4801 300 800 800 closing entries:',
1034:'c1 to record the consolidation of actual netfunded resources. tc f204 4201 total actual resources collected 60 4138 appropriations to',
1035:'liquidate ca 60 c2 to record the closing of fiscal year contract authority. tc f206 4135 contract authority liquidated 60',
1036:'4139 ca carried forward 60 year 2 fiscal service corpus account 20x8100 postclosing trial balance: 4127 40 parent account 69x8123',
1037:'postclosing trial balance: year 2 fiscal service corpus account 20x8100 proprietary preclosing trial balance facts i: closing entry: n/a postclosing',
1038:'trial balance: 1010 360 2150 40 3310 400 400 400 parent account 69x8123 proprietary preclosing trial balance facts i: 1010',
1039:'60 1330 40 3310 100 100 100 closing entry: n/a postclosing trial balance: 1010 60 1330 40 3310 100 100',
1040:'100 year 2 fiscal service corpus account 20x8100 sf 133: report on budget execution and budgetary resources n/a parent account',
1041:'69x8123 sf 133: report on budget execution and budgetary resources 1. budgetary authority a. appropriations 4126eb, 4138e 0 2a. unob',
1042:'bal, brought fwd 4126b, 4136b, 4139b, 4201b, 4801b 400 6e. other authority w/drawn 4135e, 4136eb 0 7. total budgetary resources',
1043:'400 8. obligations incurred 4801eb 0 9. unobligated balance available 4620e 400 11. total status of budgetary resources 400 12',
1044:'obligated balance, net as of oct 1 4801b 300 14c. 14c. undelivered orders 4801e 300 15 total outlays calculation 0',
1045:'year 2 fiscal service corpus account 20x8100 ussgl 2108: yearend closing statement col. 2 preclosing unexpended balance 360 col. 3',
1046:'cur. year ca realized col. 4 unobligated. and obligated. bal. withdrawn/canceled col. 5 postclosing unexpended bal. 1010e 360 col. 6',
1047:'other auth. 0 calc. 2+345=6 col. 7 reimbursements earned col. 9 undelivered orders col. 10 accounts pay. and other liab.',
1048:'4127e 40 col. 11 unobligated bal. 4620e 400 calc 5+6+7+8=9+10+11 parent account 69x8123 ussgl 2108: yearend closing statement col. 2',
1049:'preclosing unexpended balance 1010e, 4136b, 4139b 660 col. 3 cur. year ca realized 4131e 0 col. 4 unobligated. and obligated.',
1050:'bal. withdrawn/canceled 4135e, 4136eb 0 col. 5 postclosing unexpended bal. 1010e 60 col. 6 other auth. 4135e, 4136e, 4139b 600',
1051:'calc. 2+345=6 col. 7 reimbursements earned 4126e 40 col. 9 undelivered orders 4801e 300 col. 10 accounts pay. and other',
1052:'liab. col. 11 unobligated bal. 4620e 400 calc 5+6+7+8=9+10+11 year 2 fiscal service corpus account 20x8100 program and financing schedule',
1053:'p & f memorandum entries 9201 total investments, start of year 0 9202 total investments, end of year 0 parent',
1054:'account 69x8123 program and financing schedule p & f total new obligations 1000 total new obligations 4801eb 0 budgetary resources',
1055:'available for obligation 2150 unobligated balance available, start of year: contract authority not supported by ussgl 2200 new budget authority',
1056:'gross calc 4000 6990 0 2391 total budgetary resources avail for obligation calc 0 2450 unobligated balance available, end of',
1057:'year: contract authority not supported by ussgl 2499 total unobligated balance, end of year 4620e 400 new budgetary authority gross,',
1058:'detail 4026 appropriation trust fund, definite 4126eb, 4138e 0 4049 portion applied to liquidate contract authority 4135e,4136eb 0 4100 transferred',
1059:'to other accounts 4200 transferred from other accounts + 4300 appropriation total discretionary calc 0 6610 contract authority definite 6661',
1060:'transferred to other accounts 6662 transferred from other accounts + 6690 contract authority total mandatory calc 7000 total new ba',
1061:'gross 4126eb, 4135e, 4136eb, 4138e 0 memorandum entries 7501 obligated balance, start of year: ca not supported by ussgl 7502',
1062:'obligated balance, end of year: ca not supported by ussgl year 2 fiscal service corpus account 20x8100 omb form and',
1063:'content statements n/a parent account 69x8123 omb form and content statements consolidated balance sheet assets 1a1 fund balance with treasury',
1064:'1010e 300 liabilities and net position 8. cum. results of operations 3310e 300 statement of net cost 1b1 program costs',
1065:'– public production 6100e 0 1d less earned revenue 0 5 net cost of operations calc 0 statement of changes',
1066:'in net position 1 net cost of operations 0 8 net position – beginning of period 3310b 300 9 net',
1067:'position end of period calc 300 year 2 fiscal service corpus account 20x8100 omb form and content statements n/a parent',
1068:'account 69x8123 omb form and content statements consolidated continued statement of budgetary resources 1a budg auth approps 4126eb, 4127eb, 4129e,',
1069:'4138e 0 1c budg auth contract authority 2a unobligated bal brought forward 4126b, 4127b, 4136b,4139b, 4201b, 4801b 0 4c5 adjustmentspursuant',
1070:'to p.l. 4135e, 4136eb 0 5 total budgetary resources 0 6 obligations incurred 4801eb 0 7b unob bal availexempt from',
1071:'apport 4620e 0 9 total status of resources 0 12 obligated bal, net – beg of pd 4801b 300 14c.',
1072:'undelivered orders 4801e 300 15 total outlays calculation 0 statement of financing 1a obligations incurred 4801eb 0 2a chg in',
1073:'amt of goods/services incr/decr 4801eb 0 5 net cost of operations calc 0 scenario viii illustrates accounting and reporting for',
1074:'the transfer of contract authority between two trust funds. for a detailed description and background related to contract authority and',
1075:'the ussgl accounts involved, refer to contract authority scenarios posted on the ussgl web site. trust funds with contract authority',
1076:'typically involve at least two reporting entities. the first is the tafs managed by fiscal service. fiscal service is responsible',
1077:'for recording the collection and investment of receipts. for example, the fiscal service managed highway trust fund collects earmarked taxes',
1078:'on gasoline and other fuels. the second entity is the tafs managed by the federal program agency. the agency tafs',
1079:'is the account in which contract authority is granted and program activities are managed. for example, the federal highway administration',
1080:'of the u.s. department of transportation manages the liquidation of contract authorization trust fund, and is responsible for recording the',
1081:'contract authority, recording the appropriations to liquidate contract authority, as well as tracking obligations and disbursements of the fund. note',
1082:'that while the appropriation to liquidate contract authority is granted in appropriation acts, the funds will not be transferred via',
1083:'sf 1151 until actually needed for disbursement. this is for cash management purposes so that the interest earned in the',
1084:'fiscal service tafs is maximized. that concept is illustrated in scenario vii, trust funds with contract authority, part i: appropriations',
1085:'to liquidate contract authority – funded by nonexpenditure transfers, and involves established ussgl account 4136 contract authority to be liquidated',
1086:'by trust funds. in some instances, however, the agency entity referred to in this scenario as the parent account is',
1087:'also granted the authority to transfer contract authority to recipient tafs referred to as the recipient account. this is usually',
1088:'in the form of allocation transfers, but may also be an appropriation/balance transfer. at the time that the contract authority',
1089:'transfers, however, the funds will not be transferred until actually needed for disbursement. again, this is in order to maintain',
1090:'sound cash management principles. for this reason, and in order to support specific p&f lines, ussgl account 4137 transfers of',
1091:'contract authority was established, and is the basis of this scenario. year 1 parent account 69x8000 recipient account 1469x8000 1.',
1092:'to record the enactment of public law for new contract authority. tc a166 budgetary 4131 cy contract authority realized def',
1093:'1,000 4620 unob fds not subj to apport 1,000 proprietary n/a 1. to record the enactment of public law for',
1094:'new contract authority. n/a 2. to record the appropriation to liquidate contract authority. funds are not transferred until needed for',
1095:'disbursement. tc a173 budgetary 4126 amounts appropriated from specific treasury managed trust fund tafs – receivable 600 4136 ca to',
1096:'be liquidated by tf 600 proprietary 1330 receivable for transfers of currently invested balances 600 5755 nonexpenditure financing sources transfersin',
1097:'600 2. to record the appropriation to liquidate contract authority. funds are not transferred until needed for disbursement. n/a year',
1098:'1 parent account 69x8000 recipient account 1469x8000 3. to record transferout of contract authority from the parent account to the',
1099:'recipient account based upon an approved letter. tc a179 budgetary 4620 unob fds not subj to apport 50 4137 transfers',
1100:'of contract authority 50 proprietary 5765 nonexpenditure financing sources transfersout 50 2150 payable for transfers of currently invested balances 50',
1101:'3. to record transferout of contract authority from the parent account to the recipient account based upon an approved letter.',
1102:'tc a177 budgetary 4137 transfers of contract authority 50 4620 unob fds not subj to apport 50 proprietary 1330 receivable',
1103:'for transfers of currently invested balances 50 5755 nonexpenditure financing sources transfersin 50 year 1 parent account 69x8000 recipient account',
1104:'1469x8000 4. recipient account requests transfer of funds to liquidate the contract authority that was transferred in 3. this is',
1105:'accomplished via sf 1151. first, an sf 1151 must be processed to move the fund balance from the fiscal service',
1106:'corpus account into the parent account. a. to record the sf 1151 transferin from the fiscal service corpus account into',
1107:'the parent account. tc a175 budgetary 4136 ca to be liquidated by tf 30 4126 amts appropriated fr specific treasury',
1108:'managed tf tafs – receivable 30 and 4138 appropriations to liquidate ca 30 4135 contract authority liquidated 30 proprietary 1010',
1109:'fund balance with treasury 30 1330 receiv for trans of curr inv bal 30 4. recipient account requests transfer of',
1110:'funds to liquidate the contract authority that was transferred in 3. this is accomplished via sf 1151. first, an sf',
1111:'1151 must be processed to move the fund balance from the fiscal service corpus account into the parent account. a.',
1112:'to record the sf 1151 transferin from the fiscal service corpus account into the parent account. n/a year 1 parent',
1113:'account 69x8000 recipient account 1469x8000 b. to record the immediate sf 1151 transferout to the recipient account in order to',
1114:'liquidate the contract authority previously transferred in 2. tc a180 budgetary 4137 transfers of contract authority 30 4175 allocation transfers',
1115:'of cy authority for noninvested accounts 30 proprietary 2150 payable for trans of curr inv bal 30 1010 fund balance',
1116:'with treasury 30 b. to record the immediate sf 1151 transferin to the recipient account in order to liquidate the',
1117:'contract authority previously transferred in 2. tc a181 budgetary 4175 allocation transfers of cy authority for non invested accounts 30',
1118:'4137 transfers of contract authority 30 proprietary 1010 fund balance with treasury 30 1330 receivable for transfers of currently invested',
1119:'balances 30 year 1 parent account 69x8000 recipient account 1469x8000 budgetary preclosing trial balance facts ii atb: 4126 570 4131',
1120:'1,000 4135 30 4136 570 4137 20 4138 30 4175 30 4620 950 1,600 1,600 closing entries c1 to record',
1121:'the consolidation of actual netfunded resources. tc f204 4175 alloc transfers of cy authority for non invested accounts 30 4138',
1122:'appropriations to liquidate ca 30 c2 to record the closing of fiscal year contract authority. tc f206 4135 contract authority',
1123:'liquidated 30 4139 ca carried forward 970 4131 cy contract authority real def 1,000 budgetary preclosing trial balance facts ii',
1124:'atb: 4137 20 4175 30 4620 50 50 50 closing entries: c1 to record the consolidation of actual netfunded resources.',
1125:'tc f204 4201 total actual resources collected 30 4175 alloc transfers of cy authority for noninvested accounts 30 year 1',
1126:'parent account 69x8000 postclosing trial balance: 4126 570 4136 570 4137 20 4139 970 4620 950 1,540 1,540 recipient account',
1127:'1469x8000 postclosing trial balance: 4137 20 4201 30 4620 50 50 50 year 1 parent account 69x8000 proprietary preclosing trial',
1128:'balance facts i: 1330 570 2150 20 5755 600 5765 50 620 620 closing entry: c1 to record the closing',
1129:'of other financing sources into cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin 600 3310 cumulative results',
1130:'of operations 550 5765 nonexpenditure financing sources transfersout 50 postclosing trial balance: 1330 570 2150 20 3310 550 570 570',
1131:'recipient account 1469x8000 proprietary preclosing trial balance facts i: 1010 30 1330 20 5755 50 50 50 closing entry: c1',
1132:'to record the closing of other financing sources into cumulative results of operations. tc f228 5755 nonexpenditure financing sources transfersin',
1133:'50 3310 cumulative results of operations 50 postclosing trial balance: 1010 30 1330 20 3310 50 50 50 year 1',
1134:'parent account 69x8000 sf 133: report on budget execution and budgetary resources 1. budgetary authority a. appropriations 4126eb, 4138e 600',
1135:'c. contract authority 4131e 1,000 d. net transfers 4137eb, 4175e 50 6. permanently not available e. other auth.w/drawn 4135e, 4136eb',
1136:'600 7. total budgetary resources 950 8. obligations incurred 9. unobligated balance available 4620e 950 11. total status of budgetary',
1137:'resources 950 15 total outlays calculation 0 recipient account 1469x8000 sf 133: report on budget execution and budgetary resources 1.',
1138:'budgetary authority a. appropriations c. contract authority d. net transfers 4137eb, 4175e 50 7. total budgetary resources 50 8. obligations',
1139:'incurred 9. unobligated balance available 4620e 50 11. total status of budgetary resources 50 15 total outlays calculation 0 year',
1140:'1 parent account 69x8000 ussgl 2108: yearend closing statement col. 2 preclosing unexpended balance 0 col. 3 cur. year ca',
1141:'realized 4131e 1,000 col. 4 unobligated. and obligated. bal. withdrawn/canceled 4135e, 4136eb 600 col. 5 postclosing unexpended bal. 1010e 0',
1142:'col. 6 other auth. 4131e, 4135e, 4136e, 4139b 400 calc. 2+345=6 col. 7 reimbursements earned 4126e, 4137e 550 col. 9',
1143:'undelivered orders col. 10 accounts payable and other liabilities col. 11 unobligated balance 4620e 950 calc 5+6+7+8=9+10+11 recipient account 1469x8000',
1144:'ussgl 2108: yearend closing statement col. 2 preclosing unexpended balance 30 col. 3 cur. year ca realized 4131e 0 col.',
1145:'4 unobligated. and obligated. bal. withdrawn/canceled 4135e 0 col. 5 postclosing unexpended bal. 1010e 30 col. 6 other auth. 4131e,',
1146:'4135e, 4139b 0 calc. 2+345=6 col. 7 reimbursements earned 4137e 20 col. 9 undelivered orders col. 10 accounts payable and',
1147:'other liabilities col. 11 unobligated balance 4620e 50 calc 5+6+7+8=9+10+11 year 1 program and financing schedule p & f parent/recipient',
1148:'accounts consolidated total new obligations 1000 total new obligations 0 budgetary resources available for obligation 2149 unobligated balance available, start',
1149:'of year: contract authority not supported by ussgl 2200 new budget authority gross calc 4000 6990 1,000 2390 total budgetary',
1150:'resources avail for obligation calc 1,000 2449 unobligated balance available, end of year: contract authority not supported by ussgl 2499',
1151:'total unobligated balance, end of year 4620e 1,000 new budgetary authority gross, detail 4026 appropriation trust fund, definite 4126eb, 4138e',
1152:'600 4049 portion applied to liquidate contract authority 4135e,4136eb 600 4100 transferred to other accounts 4175e 30 4200 transferred from',
1153:'other accounts + 4175e 30 4300 appropriation total discretionary calc 0 6610 contract authority definite 4131e 1,000 6661 transferred to',
1154:'other accounts 4137eb 20 6662 transferred from other accounts + 4137eb 20 6690 contract authority total mandatory calc 1,000 7000total',
1155:'new ba gross 4126eb, 4131e, 4135e, 4136eb, 4137eb, 4138e, 4175e 1,000 memorandum entries 7501 obligated balance, start of year: ca',
1156:'not supported by ussgl 7502 obligated balance, end of year: ca not supported by ussgl year 1 omb form and',
1157:'content statements parent/recipient accounts consolidated balance sheet assets 1a1 fund balance with treasury 1010e 30 1a2 accounts receivable 1330e 590',
1158:'liabilities and net position 3a1 accounts payable 2150e 20 8. cum. results of operations 3310e 600 statement of net cost',
1159:'1b1 program costs – public production 6100e 0 1d less earned revenue 0 5 net cost of operations calc 0',
1160:'statement of changes in net position 1 net cost of operations 0 2e financing sourcestransfersin 5755e 650 2f financing sourcestransfersout',
1161:'5765e 50 8 net position – beginning of period 0 9 net position end of period calc 600 year 1',
1162:'omb form and content statements parent/recipient accounts consolidated continued statement of budgetary resources 1a budg auth approps 4126eb, 4138e 600',
1163:'1c budg auth contract authority 4131e 1,000 1d budg auth net transfers 4137eb, 4175eb 0 4c5 adjustmentspursuant to p.l. 4135e,',
1164:'4136eb 600 5 total budgetary resources 1,000 7b unob bal availexempt from apport 4620e 1,000 9 total status of resources',
1165:'1,000 15 total outlays calculation 0 statement of financing 1a obligations incurred 0 2a chg in amt of goods/services incr/decr',
1166:'0 5 net cost of operations calc 0 year 2 parent account 69x8000 recipient account 1469x8000 1. recipient account requests',
1167:'transfer of funds to liquidate the contract authority that was originally transferred in year 1. this is accomplished via sf',
1168:'1151. first, an sf 1151 must be processed to move the fund balance from the fiscal service corpus account into',
1169:'the parent account. a. to record the sf 1151 transferin from the fiscal service corpus account into the parent account.',
1170:'tc a175 budgetary 4136 ca to be liquidated by tf 15 4126 amts appropriated fr specific treasury managed tf tafs',
1171:'– receivable 15 and 4138 appropriations to liquidate ca 15 4135 contract authority liquidated 15 proprietary 1010 fund balance with',
1172:'treasury 15 1330 receiv for trans of curr inv bal 15 1. recipient account requests transfer of funds to liquidate',
1173:'the contract authority that was originally transferred in year 1. this is accomplished via sf 1151. first, an sf 1151',
1174:'must be processed to move the fund balance from the fiscal service corpus account into the parent account. a. to',
1175:'record the sf 1151 transferin from the fiscal service corpus account into the parent account. n/a year 2 parent account',
1176:'69x8000 recipient account 1469x8000 b. to record the immediate sf 1151 transferout to the recipient account in order to liquidate',
1177:'the contract authority originally transferred in year 1. tc a180 budgetary 4137 transfers of contract authority 15 4175 allocation transfers',
1178:'of cy authority for noninvested accounts 15 proprietary 2150 payable for trans of curr inv bal 15 1010 fund balance',
1179:'with treasury 15 b. to record the immediate sf 1151 transferin to the recipient account in order to liquidate the',
1180:'contract authority originally transferred in year 1. tc a181 budgetary 4175 allocation transfers of cy authority for non invested accounts',
1181:'15 4137 transfers of contract authority 15 proprietary 1010 fund balance with treasury 15 1330 receivable for transfers of currently',
1182:'invested balances 15 year 2 parent account 69x8000 recipient account 1469x8000 2. recipient account records obligation, expenditure and disbursement of',
1183:'funds to nonfederal recipients. n/a 2. recipient account records obligation, expenditure and disbursement of funds to nonfederal recipients. tc b107',
1184:'budgetary 4620 unob fds not subj to apportionment 15 4902 delivered orders obligations, paid 15 proprietary 6100 operating expenses/program costs',
1185:'15 1010 fund balance with treasury 15 year 2 parent account 69x8000 budgetary preclosing trial balance facts ii atb: 4126',
1186:'555 4135 15 4136 555 4137 5 4138 15 4139 970 4175 15 4620 950 1,540 1,540 closing entries: c1',
1187:'to record the consolidation of actual netfunded resources. tc f204 4175 alloc transfers of cy authority for non invested accounts',
1188:'15 4138 appropriations to liquidate ca 15 c2 to record the closing of fiscal year contract authority. tc f206 4135',
1189:'contract authority liquidated 15 4139 ca carried forward 15 recipient account 1469x8000 budgetary preclosing trial balance facts ii atb: 4137',
1190:'5 4175 15 4201 30 4620 35 4902 15 50 50 closing entries: c1 to record the consolidation of actual',
1191:'netfunded resources. tc f204 4201 total actual resources collected 15 4175 alloc transfers of cy authority for noninvested accounts 15',
1192:'c1 to record the closing of expended authority paid. tc 214 4902 delivered orders obligations, paid 15 4201 total actual',
1193:'resources – collected 15 year 2 parent account 69x8000 postclosing trial balance: 4126 555 4136 555 4137 5 4139 955',
1194:'4620 950 1,510 1,510 recipient account 1469x8000 postclosing trial balance: 4137 5 4201 30 4620 35 35 35 year 2',
1195:'parent account 69x8000 proprietary preclosing trial balance facts i: 1330 555 2150 5 3310 550 555 555 closing entry: n/a',
1196:'postclosing trial balance: 1330 555 2150 5 3310 550 555 555 recipient account 1469x8000 proprietary preclosing trial balance facts i:',
1197:'1010 30 1330 5 3310 50 6100 15 50 50 closing entry: c1 to record the expenses into cumulative results',
1198:'of operations. tc f228 3310 cumulative results of operations 15 6100 operating expenses/prog costs 15 postclosing trial balance: 1010 30',
1199:'1330 5 3310 35 35 35 year 2 parent account 69x8000 sf 133: report on budget execution and budgetary resources',
1200:'1. budgetary authority a. appropriations 4126eb, 4138e 0 d. net transfers 4137eb, 4175e 0 2a. unob bal, brought fwd 4126b,',
1201:'4136b, 4137b, 4139b, 4201b 950 6. permanently not available e. other auth.w/drawn 4135e, 4136eb 0 7. total budgetary resources 950',
1202:'9. unobligated balance available 4620e 950 11. total status of budgetary resources 950 15 total outlays calculation 0 recipient account',
1203:'1469x8000 sf 133: report on budget execution and budgetary resources 1. budgetary authority d. net transfers 4137eb, 4175e 0 2a.',
1204:'unob bal, brought fwd 4137b, 4201b 50 7. total budgetary resources 50 8. obligations incurred 4902e 15 9. unobligated balance',
1205:'available 4620e 35 11. total status of budgetary resources 50 15 total outlays calculation 15 year 2 parent account 69x8000',
1206:'ussgl 2108: yearend closing statement col. 2 preclosing unexpended balance 4136b, 4139b 400 col. 3 cur. year ca realized col.',
1207:'4 unobligated. and obligated. bal. withdrawn/canceled 4135e, 4136eb 0 col. 5 postclosing unexpended bal. 1010e 0 col. 6 other auth.',
1208:'4135e, 4136e, 4139b 400 calc. 2+345=6 col. 7 reimbursements earned 4126e, 4137e 550 col. 10 accounts payable and other liabilities',
1209:'col. 11 unobligated balance 4620e 950 calc 5+6+7+8=9+10+11 recipient account 1469x8000 ussgl 2108: yearend closing statement col. 2 preclosing unexpended',
1210:'balance 30 col. 3 cur. year ca realized col. 4 unobligated. and obligated. bal. withdrawn/canceled col. 5 postclosing unexpended bal.',
1211:'1010e 30 col. 6 other auth. calc. 2+345=6 col. 7 reimbursements earned 4137e 5 col. 10 accounts payable and other',
1212:'liabilities col. 11 unobligated balance 4620e 35 calc 5+6+7+8=9+10+11 year 2 program and financing schedule p & f parent/recipient accounts',
1213:'consolidated total new obligations 1000 total new obligations 4902e 15 budgetary resources available for obligation 2150 unobligated balance available, start',
1214:'of year: contract authority not supported by ussgl 2200 new budget authority gross calc 4000 6990 0 2391 total budgetary',
1215:'resources avail for obligation calc 0 2450 unobligated balance available, end of year: contract authority not supported by ussgl 2499',
1216:'total unobligated balance, end of year 4620e 985 new budgetary authority gross, detail 4026 appropriation trust fund, definite 4126eb, 4138e',
1217:'0 4049 portion applied to liquidate contract authority 4135e,4136eb 0 4100 transferred to other accounts 4175e 15 4200 transferred from',
1218:'other accounts + 4175e 15 4300 appropriation total discretionary calc 0 6610 contract authority definite 6661 transferred to other accounts',
1219:'4137eb 15 6662 transferred from other accounts + 4137eb 15 6690 contract authority total mandatory calc 0 7001total new ba',
1220:'gross 4126eb, 4135e, 4136eb, 4137eb, 4138e, 4175e 0 memorandum entries 7501 obligated balance, start of year: ca not supported by',
1221:'ussgl 7502 obligated balance, end of year: ca not supported by ussgl year 2 omb form and content statements parent/recipient',
1222:'accounts consolidated balance sheet assets 1a1 fund balance with treasury 1010e 30 1a2 accounts receivable 1330e 560 liabilities and net',
1223:'position 3a1 accounts payable 2150e 5 8. cum. results of operations 3310e 585 statement of net cost 1b1 program costs',
1224:'– public production 6100e 15 1d less earned revenue 0 5 net cost of operations calc 15 statement of changes',
1225:'in net position 1 net cost of operations 15 8 net position – beginning of period 3310b 600 9 net',
1226:'position end of period calc 585 year 2 omb form and content statements parent/recipient accounts consolidated continued statement of budgetary',
1227:'resources 1a budg auth approps 4126eb, 4138e 0 1c budg auth contract authority 0 1d budg auth net transfers 4137eb,',
1228:'4175eb 0 2a unobligated balance brought forward 4126b, 4136b, 4137b, 4139b, 4201b 1,000 4c5 adjustmentspursuant to p.l. 4135e, 4136eb 0',
1229:'5 total budgetary resources 1,000 6 obligations incurred 4902e 15 7b unob bal availexempt from apport 4620e 985 9 total',
1230:'status of resources 1,000 10 obligations incurred 4902e 15 15 total outlays calculation 15 statement of financing 1a obligations incurred',
1231:'4902e 15 2a chg in amt of goods/services incr/decr 0 5 net cost of operations calc 15',